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Other Single-Unit Auctions

In: Understanding Auctions

Author

Listed:
  • Asunción Mochón

    (UNED University)

  • Yago Sáez

    (University Carlos III of Madrid)

Abstract

In the previous chapter, we studied the four standard single-unit auctions. However, the seller has multiple options when designing an auction. In this chapter, we examine other single-unit models, such as hybrid auctions (Anglo-Dutch and Dutch–English auctions), auctions with different pricing rules (third-price or average price), auctions with different closing rules, and all-pay auctions. The chapter ends with the definition of optimal and efficient auctions.

Suggested Citation

  • Asunción Mochón & Yago Sáez, 2015. "Other Single-Unit Auctions," Springer Texts in Business and Economics, in: Understanding Auctions, edition 127, chapter 3, pages 25-34, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-08813-6_3
    DOI: 10.1007/978-3-319-08813-6_3
    as

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