Which equilibrium yields the highest expected revenue in second-price sealed-bid auctions?
Sign Up to like & getrecommendations! Published in 2018 at "Economics Letters"
DOI: 10.1016/j.econlet.2018.03.016
Abstract: Abstract This paper considers second-price sealed-bid auctions among three or more bidders. We take into account all equilibria, and examine the maximum of the equilibrium revenues, using the result of Blume and Heidhues (2004). We… read more here.
Keywords: highest expected; sealed bid; price sealed; second price ... See more keywords
Cartel stability in experimental first-price sealed-bid and English auctions
Sign Up to like & getrecommendations! Published in 2020 at "International Journal of Industrial Organization"
DOI: 10.1016/j.ijindorg.2020.102642
Abstract: Abstract Using laboratory experiments, we compare the stability of bidding rings in the first-price sealed-bid auction and the English auction in a heterogeneous-value setting. In both a re-matching condition and a fixed-matching condition, we observe… read more here.
Keywords: bid auction; sealed bid; auction; price sealed ... See more keywords