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- Andersson, Christer, et al.
(författare)
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Sealed bid auctions versus ascending bid auctions: an experimental study
- 2012
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Ingår i: Review of Economic Design. - : Springer Science and Business Media LLC. - 1434-4742 .- 1434-4750. ; 17, s. 1-16
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Tidskriftsartikel (refereegranskat)abstract
- This paper considers two multi-item auction formats (ascending and sealed bid) which both identify the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theoretical properties, there are behavioral aspects that are not easily captured. To explore this issue in more detail, this paper experimentally investigates what role the design of the auction format has for its outcome. The results suggest that the sealed bid mechanism performs weakly better in all of the investigated measures (consistent reporting, efficiency etc.). In addition, we find that the performance of the ascending auction is increasing over time, whereas the sealed bid auction shows no such tendency.
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- Andersson, Tommy, et al.
(författare)
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An Empirical Investigation of Efficiency and Price Uniformity in Competing Auctions
- 2012
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Ingår i: Economics Letters. - : Elsevier BV. - 0165-1765. ; 116:1, s. 99-101
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Tidskriftsartikel (refereegranskat)abstract
- Abstract in Undetermined This paper investigates hypotheses related to efficiency and price uniformity in online competing auctions based on two theoretical predictions from Peters and Severinov [Peters, M., Severinov, S., 2006. Internet auctions with many traders. Journal of Economic Theory 130, 220–245]. The investigation is conducted using a large and ideal data set for online competing train ticket auctions, and the findings support the theoretical predictions in large parts.
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- Akner, Gunnar, et al.
(författare)
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Styrningen har blivit ett hot
- 2016
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Ingår i: Svenska Dagbladet. - 1101-2412. ; 25 jul
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Tidskriftsartikel (populärvet., debatt m.m.)
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