Seller Beware: Supply and Demand Reduction and Price Manipulation in Multiple-Unit Uniform Price Auctions.
We experimentally compare under-revelation of supply and demand across alternative variations of ascending and descending two-sided price clock auctions. We find that buyers reduce demand more when the price is ascending but sellers' behavior is consistent across clock directions. As a result, the c...
| Publicado en: | Southern Economic Journal Vol. 82; no. 3; pp. 760 - 781 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jan2016
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |