Dynamic Entry, Reverse Auctions, and the Purchase of Environmental Services
通过经济实验研究动态进入环境下反向拍卖的效果，发现卖家存在过度进入和策略性等待行为，影响租金提取和政策成本效益。
This research uses economic experiments to examine the effectiveness of reverse auction institutions in an endogenous dynamic entry setting. Induced values are used to compare behavior in dynamic and static auction structures. Past research on this topic has understudied dynamic elements such as strategic entry and endogenous bidder selection that arise in a dynamic environment. The results suggest complex behavioral patterns in which some sellers overenter early and others strategically wait. This affects the owners’ abilities to extract rents in a dynamic setting. This result impacts policy effectiveness because previous work overlooking these dynamic elements likely understates auction cost-effectiveness. <i></i>