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A comparison of multiple-unit all-pay and winner-pay auctions under incomplete information

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A comparison of multiple-unit all-pay and winner-pay auctions under incomplete information

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A Comparison of Multiple-Unit All-Pay and Winner-Pay Auctions Under Incomplete Information

Barut, Yasar; Kovenock, Daniel J.; Noussair, Charles - 2004

This article examines the properties of independent-private-value all-pay and winner-pay auctions when there are multiple units sold. We study bidding behavior, efficiency, and revenue in a set of 23 experimental sessions. Our data show that the all-pay auction and the winner-pay auction are...

Persistent link: https://www.econbiz.de/10014111529