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Buy-out prices in auctions: seller competition and multi-unit demands

✍ Scribed by René Kirkegaard; Per Baltzer Overgaard

Book ID
118079947
Publisher
The RAND Corporation
Year
2008
Tongue
English
Weight
202 KB
Volume
39
Category
Article
ISSN
0741-6261

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✍ David Porter; Roumen Vragov 📂 Article 📅 2006 🏛 John Wiley and Sons 🌐 English ⚖ 236 KB

## 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