Lucas RentschlerSenior Research Fellow / Director of Experimental Economics Program
    Lucas Rentschler
    Senior Research Fellow and Director of Experimental Economics Program

    Utah State University
    Jon M. Huntsman School of Business
    Economics and Finance Department

    Assistant Professor

    CGO Papers
    An experiment on first-price common-value auctions with asymmetric information structures: The blessed winner

    This paper studies the effect of holding private information on bidding behavior in common-value auctions. Three environments are studied. In the first, no bidder has any private information. In the second, all bidders hold private information. Lastly, we allow one bidder to hold private information when the opposing bidder does not. Our experiments reveal that bidders who are informed overbid, while uninformed bidders tend to underbid.

    Bio

    Lucas Rentschler is an Assistant Professor in the Department of Economics and Finance at Utah State University, the Director of the Experimental Economics Laboratory at Utah State University, and a Research Affiliate of the Economic Science Institute at Chapman University. Dr. Rentschler received his Ph.D. from Texas A&M University in 2010, and has taught at Universidad Francisco Marroquín and Utah State University

    Education
    • Ph.D.  Economics, Texas A&M University, 2010
    • BS English & Economics, Weber State University 2004

    Lucas Rentschler
    Senior Research Fellow and Director of Experimental Economics Program