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spa auction class data s11 2 bidder
Course: ECON 177, Fall 2009School: UCSB
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2-bidder SPA Spring 2011 Average overbid: 100 -6.6855 Number of value bids: Percent value bid: 89 0.3708 90 Number of bids within $1 of value bid: Percent bids within $1 of value bid: 80 Average Revenue: 26.06775 Average earnings earnings: 194.0725 70 Highest (Bidder 41) 289.98 Coefficients Standard Error Intercept 0.9958 1.2308 Slope 0.8409 0.0220 60 Bids 112 0.4667 50 40 30 20 10 0 0 10...
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2-bidder SPA Spring 2011
Average overbid:
100
-6.6855
Number of value bids:
Percent value bid:
89
0.3708
90
Number of bids within $1 of value bid:
Percent bids within $1 of value bid:
80
Average Revenue:
26.06775
Average earnings earnings:
194.0725
70
Highest (Bidder 41) 289.98
Coefficients Standard Error
Intercept 0.9958
1.2308
Slope
0.8409
0.0220
60
Bids
112
0.4667
50
40
30
20
10
0
0
10
20
30
40
50
Values
60
70
80
90
100
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Parametersalphabetaphirho0.40.960.50.616Steady stategss0.1Kss0.186248Css0.298773Gss0.051055Yss0.536075Time Seriesg_tK_tC_tG_tY_t0.1 0.186248 0.298773 0.051055 0.5360750.1 0.186248 0.298773 0.051055 0.5360750.5 0.186248 0.235873
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