The case for multi-unit single-run descending-price auctions

We show that a multiple-unit descending-price auction in which the clock is not reset after each sale may be faster and yield more stable prices than an efficient alternative, thus providing sellers a rationale for using it in practice.

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Year of publication:	2011
Authors:	Martínez-Pardina, Irene ; Romeu, Andrés
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 3, p. 310-313
Publisher:	Elsevier
Subject:	Multi-unit descending-price sequential auctions \| Numeric methods \| Euler algorithm

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Type of publication:	Article
Classification:	D44 - Auctions ; C62 - Existence and Stability Conditions of Equilibrium
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041618