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Full-Text Articles in Social and Behavioral Sciences
Experimental Studies Of Discrimination Versus Competition In Sealed Bid Auction Markets, Vernon L. Smith
Experimental Studies Of Discrimination Versus Competition In Sealed Bid Auction Markets, Vernon L. Smith
Economics Faculty Articles and Research
In this study, attention focuses on the behavior of a class of auction markets where formal organization requires the individual competing bidders to submit one or more written "sealed bids" specifying the quantity and price at which they are committed to buy (or sell) units of the item being traded.