Experimental Analysis of the Relative Efficiency of Alternative Assignment Auction Formats

摘要

Basic Structure of the Experiments: (1) Subjects are presented with list of jobs. (2) Total Score = Fitness Score + Bid Score. (3) Optimization across Total Scores determines assignments. (4) For each job the bidder's reservation wage (RW) is given. (5) For the awarded job the subject receives Gamebucks = Bid-RW. (6) Subjects exchange their Gamebucks for US dollars at a pre-announced exchange rate. This is their payment.