Do Auctioneers Pick Optimal Reserve Prices?
Finding to replicate
In second-price sealed bid auctions, the seller chooses a higher reserve price when the number of bidders is larger (contrary to standard theory).
Background Information
| Primary Replication Site | University of Wisconsin-Madison |
| Secondary Replication Site | University of Michigan – Ann Arbor |
| Target Replication Sample Size (Per Site) | 40 Individuals |
| Replication Subject Pool | University Students |
| Original Testing Modality | Laboratory |
| Initial Replication Modality | Virtual, Asynchronous |
| Secondary Replication Modality | Not Needed |
| Preregistration | AsPredicted #61246 |
| Original Paper | Published Online 12/03/2010 |
| Category | Sourcing |
Replication Results
| Finding Reproduced? | Full Replication |
| Replication Report | DavisEtAl2011_ReplicationReport.pdf |
| Replication Data, Analysis Script, and Stimuli | DavisEtAl2011_DAS.zip |