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Mezzetti, Claudio and Tsetlin, Ilia (2009) Auctions in which losers set the price. ... price auction generates higher revenue than the second-price auction.
Mezzetti, Claudio & Tsetlin, Ilia, 2009. "Auctions in which losers set the price," Games and Economic Behavior, Elsevier, vol. 66(2), pages 855-864, July ...
Mezzetti, Claudio and Tsetlin, Ilia (2008) Auctions in which losers set the price. Working Paper. Coventry: University of Warwick, Department of Economics.
Abstract: We study auctions of a single asset among symmetric bidders with a¢ liated values. We show that the second-price auction minimizes revenue among all e ...
Request PDF | Auctions in which losers set the price | We study auctions of a single asset among symmetric bidders with affiliated values.
In this robust or detail-free implementation procedure, a second-price auction is organized and the winner volunteers a payment to the seller; this payment can ...
Mar 7, 2007 · Auction mechanisms in this class are defined by a price function p( ) which maps the signals of the losers into the price paid by the winners.
We analyze sequential second-price auctions under complete information involving two or more bidders with similar decreasing marginal valuations. Krishna (1999) ...