Efficiency and synergy in a multi-unit auction with and without package bidding: An experimental study

DOI10.1016/J.GEB.2012.07.008MaRDI QIDQ2276557zbMATH OpenOpenAlexFDO

Authors Kirill Chernomaz, Dan Levin

Publication date 6 November 2012

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.geb.2012.07.008

zbMATH Keywords

experimental economicsfirst-price auctionsasymmetric auctionscombinatorial auctionsfree-ridingpackage biddingindependent private value

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90)

Recommendations

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Cites work

• A comparison of standard multi-unit auctions with synergies
• A new and improved design for multiobject iterative auctions
• Asymmetric Auctions
• Characterization and computation of Nash-equilibria for auctions with incomplete information
• Combinatorial auction design
• Core-selecting package auctions
• Hierarchical package bidding: a paper \& pencil combinatorial auction
• Menu Auctions, Resource Allocation, and Economic Influence
• Multi-object auctions with package bidding: an experimental comparison of Vickrey and iBEA
• Numerical analysis of asymmetric first price auctions
• Robustness of the incentive compatible combinatorial auction
• Simultaneous auctions with synergies
• The Effect of Asymmetric Bidder Size on an Auction’s Performance: Are More Bidders Always Better?
• The package assignment model.

Cited in

(11)

• An equilibrium analysis of the simultaneous ascending auction
• Ascending prices and package bidding: further experimental analysis
• On the effects of joint bidding in independent private value auctions: An experimental study
• Games played through agents in the laboratory -- a test of Prat \& Rustichini's model
• A change in the timing of auctions with synergies and its impact on bidding behavior
• Multi-object auctions with resale: theory and experiment
• A principal-agent model of bidding firms in multi-unit auctions
• An asymmetric multi-item auction with quantity discounts applied to Internet service procurement in Buenos Aires public schools
• Bid pooling in reverse multi-unit Dutch auctions: an experimental investigation
• Multi-object auctions with package bidding: an experimental comparison of Vickrey and iBEA
• Multi-unit demand auctions with synergies: behavior in sealed-bid versus ascending-bid uniform-price auctions

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Uses Software

• Z-Tree

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