Replication data for: The Bidder's Curse

Young Han Lee & Ulrike Malmendier
We employ a novel approach to identify overbidding in auctions. We compare online auction prices to fixed prices for the same item on the same webpage. In detailed data on auctions of a board game, 42 percent of auctions exceed the simultaneous fixed price. The result replicates in a broad cross-section of auctions (48 percent overbidding). A small fraction of overbidders, 17 percent of bidders, suffices to generate the large fraction of auctions with overbidding....
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.