Valle, Haydn; Capon, Timothy; Harris, Michael; Reeson, … - Australian Agricultural and Resource Economics Society … - 2012
makers because bidders will tend to increase their asking price. This is known as strategic behaviour, and it is particularly … prevalent in sequential auction settings. The tender process ceases to be competitive when strategic behaviour occurs, eroding … conservation. The results indicate that auctions offering multi-period contracts might be better equipped to constrain strategic …