Filiz-Ozbay, Emel; Lopez-Vargas, Kristian; Ozbay, Erkut Y. - In: Games and Economic Behavior 89 (2015) C, pp. 1-16
allocated efficiently at the auction stage whether resale markets are present or not. The simultaneous second-price, on the … other hand, leads to inefficiency with or without resale possibility. Our experimental findings show that the possibility of … resale in second-price auctions decreases the efficiency rate at the auction stage compared to the no resale case. However …
