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Cataloged Resource Summary

 

Title

Common Value Auction

Author

Charles Holt

Category

Auctions

Subject

First Price Common Value Auction

Type

Experiment Software

Description

This program implements a first price common value auction in which each bidder receives a random draw from a uniform distribution. The value of the prize is the average of these draws, so each bidder only sees a part of the common value.

URL

http://veconlab.econ.virginia.edu/cv/cv.php
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