Decision Sciences
4 years ago

Uniform-price auctions yield higher revenue than discriminatory-price auctions, study finds.

RePEc: Research Papers in Economics
Flexible Estimation of Demand Schedules and Revenue Under Different Auction Formats
Robert A. Feldman, Vincent Reinhart

Paper Summary

The article examines how different auction formats affect demand and revenue. By analyzing data from gold auctions, it found that uniform-price auctions had higher demand and revenue compared to discriminatory-price auctions. This supports bidding theory predictions.

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