Auctions with Positive Synergies: Experimental Evidence
نویسندگان
چکیده
منابع مشابه
Uniform vs. discriminatory auctions with variable supply - experimental evidence
In the variable supply auction considered here, the seller decides how many costumers with unit demand to serve after observing their bids. Bidders are uncertain about the sellers cost. We experimentally investigate whether a uniform or a discriminatory price auction is better for the seller in this setting. Exactly as predicted by theory, it turns out that the uniform price auction produces s...
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In an example with two objects and four bidders, some of which have superadditive values, we characterize the equilibria of a simultaneous ascending auction and compare the revenue and efficiency generated with ones generated by the sequential, the one-shot simultaneous, and the Vickrey-Clarke-Groves auctions. ∗Germano acknowledges financial support from European Commission Grant ERBFMBICT97285...
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In digital goods auctions, there is an auctioneer who sells an item with unlimited supply to a set of potential buyers, and the objective is to design truthful auction to maximize the total profit of the auctioneer. Motivated from an observation that the values of buyers for the item could be interconnected through social networks, we study digital goods auctions with positive externalities amo...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1326245