Bidding Behaviour in Multi‐Unit Auctions – an Experimental Investigation
Bibliographic Data
| ID | 9720679 |
|---|---|
| Authors | Dirk Engelmann (Royal Holloway, University of London, Centre for Experimental Economics at the University of Copenhagen and Economics Institute of the Academy of Sciences of the Czech Republic), Veronika Grimm (0000-0002-9759-4807, University of Erlangen‐Nuremberg and University of Cologne) |
| Year | 2009 |
| Volume | 119 |
| Issue | 537 |
| Pages | 855-882 |
| Publication date | 2009-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2009.02249.x |
| OpenAlex | W2095004689 |
| Language | EN |
| Citations received | 2 |
| References cited | 32 |
We present laboratory experiments of five different multi-unit auction mechanisms. Two units of a homogeneous object were auctioned off among two bidders with flat demand for two units. We test whether expected demand reduction occurs in open and sealed-bid uniform-price auctions. We also test revenue equivalence 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. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009
Bidding · Common value auction · Czech · Economics · Library science · Linguistics · Management · Mathematics education · Microeconomics · Political science · Sociology · Unit (ring theory · Auction Theory and Applications · Computer Science · Consumer Market Behavior and Pricing · Experimental Behavioral Economics Studies · Philosophy · Psychology
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,22 |
| Citation span | 2017 - 2019 (3) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |