@article{fd4b4b9ca71241fca16b0509c9b3c2cf,
title = "The Competitive Effect in Bonus Bidding: New Evidence",
author = "Gilley, \{Otis W.\} and Karels, \{Gordon V.\}",
note = "Downloadable (with restrictions)! One of the major unsettled questions in the study of competitive bidding concerns the impact of additional competition in auctions on the optimal bid levels of competing firms. Numerous theoretical and simulation studies suggest an inverse relationship between the expected number of competitors and the bid level of a particular firm in sealed bid auctions involving objects of uncertain value.",
year = "1981",
month = jan,
day = "1",
doi = "10.2307/3003578",
language = "American English",
volume = "12",
journal = "The Bell Journal of Economics",
number = "2",
}