Experimental Comparisons Of Auctions Under Single And Multi Unit Demand
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Experimental Comparisons Of Auctions Under Single And Multi Unit Demand
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Author : Paul Alsemgeest
language : en
Publisher:
Release Date : 1995
Experimental Comparisons Of Auctions Under Single And Multi Unit Demand written by Paul Alsemgeest and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Auctions categories.
Experimental Comparisons Of Auctions Under Single And Multi Unit Demand
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Author : P.M Alsemgeest
language : en
Publisher:
Release Date : 2009
Experimental Comparisons Of Auctions Under Single And Multi Unit Demand written by P.M Alsemgeest and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
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 from the English clock auction is lower in the two-unit demand environment than in the single-unit demand environment, due to strategic demand reduction on the part of bidders.
Handbook Of Experimental Economics Results
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Author : Charles R. Plott
language : en
Publisher: Elsevier
Release Date : 2008-08-21
Handbook Of Experimental Economics Results written by Charles R. Plott and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08-21 with Business & Economics categories.
While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appears blurred and may produce uncertain results. The contributors to this volume have provided brief notes describing specific experimental results.
An Experimental Analysis Of Single Vs Multiple Bids In Auctions Of Divisible Goods
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Author : Christiane Rosen
language : en
Publisher:
Release Date : 2013
An Experimental Analysis Of Single Vs Multiple Bids In Auctions Of Divisible Goods written by Christiane Rosen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Large Scale Multi Item Auctions
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Author : Sascha Michael Schweitzer
language : en
Publisher: KIT Scientific Publishing
Release Date : 2014-10-16
Large Scale Multi Item Auctions written by Sascha Michael Schweitzer and has been published by KIT Scientific Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-16 with Business & Economics categories.
This book presents two experimental studies that deal with the comparison of multi-item auction designs for two specific applications: the sale of 2.6 GHz radio spectrum rights in Europe, and the sale of emissions permits in Australia. In order to tackle the complexity of these experiments, a cognitively based toolkit is proposed, including modularized video instructions, comprehension tests, a learning platform, a graphical one-screen user interface, and comprehension-based group matching.
Bidding Behavior In Multi Unit Auctions
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Author : Dirk Engelmann
language : en
Publisher:
Release Date : 2004
Bidding Behavior In Multi Unit Auctions written by Dirk Engelmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
We present laboratory experiments of five different multi-unit auction mechanisms. Two units of a homogeneous object were auctioned off among two bidders with at demand for two units. We test whether expected demand reduction occurs in open and sealed-bid uniform-price auctions. Revenue equivalence is tested for these auctions as well as for the Ausubel, the Vickrey and the discriminatory sealed-bid auction. Furthermore, we compare the five mechanisms with respect to the efficient allocation of the units. We also provide some theoretical insights concerning the equilibria of uniform-price auctions with incomplete information.
Essays On Multi Unit Auctions
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Author : Jinsoo Bae (Ph. D. in economics)
language : en
Publisher:
Release Date : 2020
Essays On Multi Unit Auctions written by Jinsoo Bae (Ph. D. in economics) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Auctions categories.
Chapter 3 studies a pro-competitive effect of joint bidding in multi-unit uniform price auctions where bidders have private values and demand different quantities of units. I analyze a simple model with three identical items for sale, two small bidders each demanding a single unit, and a big bidder demanding two units. I show that joint bidding of the two small bidders, which recovers the symmetry of bidders, enhances competition among the bidders and increases efficiency and revenue of the auction.
Comparisons Of Auction Mechanisms In A Multiple Unit Setting
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Author : John Charles Bernard
language : en
Publisher:
Release Date : 1999
Comparisons Of Auction Mechanisms In A Multiple Unit Setting written by John Charles Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Auctions Of Identical Objects With Single Unit Demands
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Author : Flavio M. Menezes
language : en
Publisher:
Release Date : 1999
Auctions Of Identical Objects With Single Unit Demands written by Flavio M. Menezes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Auctions categories.
Demand Reduction In Multi Unit Auctions With Varying Numbers Of Bidders
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Author : Richard Engelbrecht-Wiggans
language : en
Publisher:
Release Date : 2008
Demand Reduction In Multi Unit Auctions With Varying Numbers Of Bidders written by Richard Engelbrecht-Wiggans and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Recent auction theory and experimental results document strategic demand reduction by bidders in uniform-price auctions. The present article extends this area of research to consider the effects of varying the number of bidders. Our theoretical model predicts that demand reduction should decrease with an increase in the number of bidders. Considerable demand reduction remains even in the asymptotic limit, although truthful bidding yields profits very close to those of equilibrium play. We experimentally confirm several of our predictions by examining bidding behavior of subjects in an actual marketplace, auctioning dozens of sportscards using both uniform-price and Vickrey auction formats.