Alsemgeest, Paul; Noussair, Charles; Olson, Mark - In: Economic Inquiry 36 (1998) 1, pp. 87-97
An English clock auction and a sealed-bid auction with lowest accepted-bid pricing are studied in a controlled laboratory setting. Buyers bid for either a single unit or two units of the good. The sealed-bid auction generates more revenue than the English clock auction in both cases. The revenue...