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...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 82; no. 3; pp. 760 - 781
Main Authors:	Winn, Abel M., Parente, Michael L., Porter, David
Format:	Article
Published:	Wiley-Blackwell Jan2016
Subjects:	Supply & demand Empirical research Market manipulation Auctions Pricing
Online Access:	View this record in EBSCOhost