Decision Sciences
4 years ago

Dutch auctions generate more revenue than traditional auctions with covert information acquisition.

1 view
SSRN Electronic Journal
Information Acquisition During a Dutch Auction
Paavo Miettinen

Paper Summary

The study looked at how bidders behave in a Dutch auction where they don't know the value of what they're bidding on. Bidders can pay to find out more information about the item they're bidding on. The study found that in a Dutch auction with many bidders, more money is made compared to a first price auction.

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