Uniform price auctions and fixed price offerings in IPOs: an experimental comparison
Has this study been replicated?
The atlas records 1 replication of this study. Recorded outcomes: 1 failed. The earliest on record is from 2026.
Replications
- SCORE new data replication of Zhang (2009), Fong et al. (2026). Outcome recorded: failed.
The main result from the target paper was not successfully replicated, and the observed marketprices (roughly 1.96) were substantially lower than the market value (expected valueof 2.5).
Outcome read from OSF report.
Cite this record
Zhang, P. (2009). Uniform price auctions and fixed price offerings in IPOs: an experimental comparison. Experimental Economics, 12(2), 202–219. https://doi.org/10.1007/s10683-008-9210-8
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