Auctions with interdependent valuations. Theoretical and empirical analysis, in particular of internet auctions.
The thesis investigates a number of auction formats both theoretically and empirically. The effect of different auction rules on the final price and on bidder valuations is analyzed. Results from an experimental sale of real goods, testing revenue equivalence of the open and sealed-bid second-price...
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| Format: | Others |
| Language: | en |
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2003
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| Online Access: | http://epub.wu.ac.at/1941/1/document.pdf |