Experimental comparisons of auctions under single- and multi-unit demand.
An English clock auction and a sealed-bid auction with lowest accepted-bid pricing are studied in a controlled laboratory setting. Buyers bid for either a single unit or two units of the good. The sealed-bid auction generates more revenue than the English clock auction in both cases. The revenue f...
| Published in: | Economic Inquiry Vol. 36; pp. 87 - 98 |
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| Main Authors: | , , |
| Format: | Article |
| Published: |
Wiley-Blackwell
January 1998
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |