Decision Sciences
8 years ago

Equalizing prices in auctions: the game-changing trend shaping markets worldwide.

Cambridge University Press eBooks
Uniform Price Auctions
Paul Milgrom

Paper Summary

Related papers

Decision Sciences
3 years ago

Sellers Can Boost Profits by Withholding Auction Information

Mechanism Design
Economic Behavior
Public Finance
3 views
Decision Sciences
3 years ago

Auctions Rigged to Maximize Profits, Leaving Buyers Shortchanged

Mechanism Design
Economic Behavior
Art Investment
3 views
Decision Sciences
4 years ago

First-Price Auctions Prevent Bankruptcy, Outperform Second-Price Auctions

Mechanism Design
Economic Analysis
Economic Behavior
2 views

The article discusses how auctions have become more popular due to economic theories. Most recent auctions have used uniform price designs, where prices for similar items are the same or very close.