The effect of entry and information costs on oral versus sealed-bid auctions

Authors
Engelbrecht-Wiggans, R
Citation
R. Engelbrecht-wiggans, The effect of entry and information costs on oral versus sealed-bid auctions, ECON LETT, 70(2), 2001, pp. 195-202
Citations number
8
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
70
Issue
2
Year of publication
2001
Pages
195 - 202
Database
ISI
SICI code
0165-1765(200102)70:2<195:TEOEAI>2.0.ZU;2-#
Abstract
At equilibrium with respect to bids, entry and information acquisition, ora l auctions can generate significantly more revenue than sealed-bid auctions even in the case of independently-distributed privately-known values. (C) 2001 Elsevier Science B.V. All rights reserved. JEL classification: D44 (au ctions).