Security-bid auctions are used around the world to sell the rights to control projects (assets) that generate millions of dollars in future cash flows. In these auctions, bidders bid with securities (i.e., financial instruments other than cash), which link payments to the project's ex-post revenue. We implement security-bid auctions in a laboratory experiment, using debt and equity as securities, to evaluate the effects of security choice and auction design on revenue and efficiency. We also study the drivers of bidding behaviour, including risk aversion, heuristic thinking, and experience.

About Behavioural and Economics Science Cluster e-seminars

An online seminar series on Experimental and Behavioural Economics organized by the Behavioral and Economic Science Cluster (BESC) of the School of Economics at The University of Queensland.

Our seminars take place fortnightly via Zoom on Wednesdays at 10 am or 5 pm (AEST), depending on whether the guest speaker is streaming from US/Australia or Europe respectively.

Seminars consist of a 60-minute presentation followed by 15 minutes of Q&A.

Local time for seminars

You can check the corresponding times for your own time zone using the following links for each session: 10am, 5pm.

How to register

Clicking the button below gives you the option to register for: (i) all seminars (ii) seminars that take place at 10am or 5pm, or (iii) individual seminars.

Email invitations with a ZOOM link to the event will be sent 48 hours before each seminar.

If you wish to attend an upcoming seminar within the 48-hour window, please drop an email to Lionel Page.

Register now

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Room 629, Level 6, Colin Clark Building (#39), UQ St Lucia Campus or Zoom: https://uqz.zoom.us/j/87897991126