Comparative study of one-bid versus two-bid auctions
نویسندگان
چکیده
منابع مشابه
Sealed Bid Auctions vs. Ascending Bid Auctions: An Experimental Study
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In electronic auction applications, small-value merchandise is often distributed. We call this kind of auction micro auction. Compared to traditional general-purpose electronic auction, micro electronic auction has its own special requirements. Especially, micro auction must be very efficient: the cost of the auction protocol must not be over the cost of the merchandise for sale. Although the m...
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We analyze simultaneous ascending bid auctions with multiple objects in which bidders can be budget constrained. The presence of budget constraints shrinks the equilibrium set. A family of equilibria with a high degree of competition, as well as a family of equilibria with a high degree of collusion, disappear. When the budget available to each bidder is private information then even a very sma...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2004
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2002.11.002