Menezes, Flávio Marques (contributor); … - 2007
intuition behind the result. Sealed-bid auctions induce earlier bidding
— ceteris paribus — because they attract fewer … participants. With English
auctions, once bidding starts, all bidders participate, dropping out only once
their value is reached …
bidding early, a bidder in a sealed-bid auction can eliminate competition
from rivals with lower valuations (that are …