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Behavior in Multi-Unit Demand Auctions: Experiments with Uniform Price and Dynamic Vickrey Auctions

✍ Scribed by John H. Kagel; Dan Levin

Book ID
108556024
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
654 KB
Volume
69
Category
Article
ISSN
0012-9682

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## Abstract Demand reduction in Uniform‐price and English auctions are strategic reactions by participants to reduce price and thus increase potential profits. Laboratory experiments similar to the field experiments performed by List and Reiley (__Am. Econ. Rev__. 2000; **9**(4): 961–972) in which