Multi-unit demand auctions with synergies: behavior in sealed-bid versus ascending-bid uniform-price auctions

DOI10.1016/J.GEB.2004.07.004MaRDI QIDQ815212zbMATH OpenOpenAlexFDO

Authors John H. Kagel, Dan Levin

Publication date 16 February 2006

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

Full work available at URL https://doi.org/10.1016/j.geb.2004.07.004

zbMATH Keywords

experimentauctionsynergiesexposure problem

Mathematics Subject Classification ID

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

Recommendations

• Behavior in Multi-Unit Demand Auctions: Experiments with Uniform Price and Dynamic Vickrey Auctions
• Efficiency and synergy in a multi-unit auction with and without package bidding: An experimental study
• Demand reduction and inefficiency in multi-unit auctions
• A comparison of standard multi-unit auctions with synergies
• Equilibria in a multi-object uniform price sealed bid auction with multi- unit demands

Cites work

• A sealed-bid auction that matches the English auction
• Auctions of homogeneous goods with increasing returns: experimental comparison of alternative ``Dutch auctions
• Behavior in Multi-Unit Demand Auctions: Experiments with Uniform Price and Dynamic Vickrey Auctions
• Computationally manageable combinational auctions
• Extensive Form Games in Continuous Time: Pure Strategies
• Multi-unit auctions with uniform prices
• Optimal Auction Design
• Prospect Theory: An Analysis of Decision under Risk
• Robustness of the incentive compatible combinatorial auction
• Simultaneous auctions with synergies

Cited in

(12)

• Scale effects in multi-unit auctions
• A comparison of standard multi-unit auctions with synergies
• On monotone strategy equilibria in simultaneous auctions for complementary goods
• Implementing efficient multi-object auction institutions: An experimental study of the performance of boundedly rational agents
• Efficiency and synergy in a multi-unit auction with and without package bidding: An experimental study
• A change in the timing of auctions with synergies and its impact on bidding behavior
• Behavior in Multi-Unit Demand Auctions: Experiments with Uniform Price and Dynamic Vickrey Auctions
• Auctions of homogeneous goods with increasing returns: experimental comparison of alternative ``Dutch auctions
• Demand reduction and inefficiency in multi-unit auctions
• Explaining deviations from equilibrium in auctions with avoidable fixed costs
• Survival auctions
• Auctions with synergy and resale

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