Ehrhart, Karl-Martin; Ott, Marion - 2014 - Preliminary and incomplete. This draft: June 24, 2014
considering different own strategies. The expected revenue in the Dutch auction is higher than in the English auction in the … respective unique LPPE profiles. The difference is mainly driven by the aversion to losing the item in the Dutch auction. …, and make optimal binary decisions at each price (approve or quit in the English auction and wait or bid in the Dutch …