On the superiority of the multiple round ascending bid auction

Authors
Branco, F
Citation
F. Branco, On the superiority of the multiple round ascending bid auction, ECON LETT, 70(2), 2001, pp. 187-194
Citations number
5
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
70
Issue
2
Year of publication
2001
Pages
187 - 194
Database
ISI
SICI code
0165-1765(200102)70:2<187:OTSOTM>2.0.ZU;2-6
Abstract
I compare the equilibria of standard auctions for two objects when there ar e unit and bundle bidders. In the example considered, the multiple round as cending bid auction performs better than the other mechanisms in both reven ue and efficiency. (C) 2001 Elsevier Science B.V. All rights reserved.