The theory of auctions of a single object generalizes to a situation where identical objects are sold either sequentially or simultaneously but individuals can only buy one object. In this context, I will present a survey of the main results regarding the ranking of auctions based on revenue, bidding behaviour, effects of entry fees and reserve prices, and other strategic issues.
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Paper provided by Australian National University - Department of Economics in its series Papers with number
363.
Length: 26 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:aunaec:363
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