We analyze the effects of resale through bargaining in multi-object uniform-price auctions with asymmetric bidders. The … possibility of resale affects bidders’ strategies, and hence the allocation of the objects on sale and the seller’s revenue. Our … experimental design consists of four treatments: one without resale and three resale treatments that vary both the bargaining …

Allowing resale in multi-object auctions increases bidders. incentives to jointly reduce demand, because resale …-object auctions), resale may reduce the seller’s revenue in multi-object auctions. However, we show that, under reasonable conditions …, allowing resale and bundling the objects on sale are “complement strategies” for the seller – by bundling and allowing resale …

The possibility of resale after an auction attracts speculators (i.e., bidders who have no use value for the objects on … then buy in the resale market, in order to keep the auction price low for the objects she wins in the auction. Therefore …..We show that the net e¤ect on the seller.s revenue of allowing resale to attract speculators depends on the heterogeneity of …