Implementing the efficient auction: initial results from the lab
نویسندگان
چکیده
منابع مشابه
Implementing Efficient Multi-Object Auction Institutions:
Abstract We study three alternative implementations of the Vickrey (1961) multi-unit demand auction: Vickrey’s original static sealed-bid auction and two dynamic alternatives, with and without public dropout information reported during the auction (Ausubel, 2004). Although implemented by a weaker solution concept, behavior in the dynamic Vickrey auction with the public dropout information comes...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2004
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2004.01.009