Onderstal, Sander; Meerendonk, Arthur Van de - Tinbergen Institute - 2009
In this note, we experimentally examine the relative performance of price-only auctions and multi-attribute auctions …-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms … this result. Moreover, we observe that the “pie” is shared the same in both auctions between buyer and suppliers both in …