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| Tekijä: | List, J. Lucking-Reiley, D. |
| Otsikko: | Demand reaction in multiunit auctions: evidence from a sportscard field experiment |
| Lehti: | American Economic Review
2000 : SEP, VOL. 90:4, p. 961-972 |
| Asiasana: | DEMAND AUCTIONS MODELS |
| Kieli: | eng |
| Tiivistelmä: | Recent auction theory suggests that multiunit uniform-price auctions, as used by the U.S. Treasury for debt sales, produce incentives that may cause bidders to bid less than their true valuations, resulting in inefficient allocations and reduced revenue. In this paper, the authors present the results of field experiment in which nearly USD 10,000 worth of sportscards in two-unit, two-person sealed-bid auctions is auctioned. |
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