Publication: Journal of Economic Education
Volume: Volume 35, No. 4
Issue: Fall 2004
Pages: 330-342
Author(s): John Asker (Harvard University), Brit Grosskopf (Texas A&M University), C. Nicholas McKinney (Rhodes College), Muriel Niederle (Stanford University), Alvin E. Roth (Harvard University) and Georg Weizsäcker (Harvard University)
Address (Principal Author):Carl N. McKinney
Cler Research Fellow
Rhodes College
Department of Economics and Business Administration
2000 North Parkway
Memphis, TN 38112
Phone: (902) 843-3566
Fax: ((901) 843-3736
Internet Address (Principal Author): nmckinney@hbs.edu
Title: Teaching Auction Strategy Using Experiments Administered via the Internet
Abstract: This experimental design can be used to show students how an auction may be an ineffective mechanism for procurement, compared to other options. It shows how the availability and use of information can dramatically affect market outcomes and bidder incentives.