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Multi-Unit Auctions

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  • Anthony M. Kwasnica

    ()
    (Smeal College of Business, The Pennsylvania State University)

  • Katerina Sherstyuk

    ()
    (Department of Economics, University of Hawaii at Manoa)

Abstract

We survey experimental research on multi-unit auctions with an emphasis on topics that may be of a unifying interest to experimental, as well as theoretical and empiri- cal economists. Topics include static and dynamic multi-unit auctions; combinatorial auctions and efficient auction design; simultaneous and sequential auctions; bidder asymmetry and endogenous entry, and collusion in auctions. We also discuss behav- ioral regularities observed in multi-unit auction experiments.

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Paper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 201301.

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Length: 48 pages
Date of creation: Jan 2013
Date of revision:
Handle: RePEc:hai:wpaper:201301

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Cited by:
  1. Brusco, Sandro & Lopomo, Giuseppe, 2002. "Collusion via Signalling in Simultaneous Ascending Bid Auctions with Heterogeneous Objects, with and without Complementarities," Review of Economic Studies, Wiley Blackwell, vol. 69(2), pages 407-36, April.
  2. Anthony M. Kwasnica & Katerina Sherstyuk, 2001. "Collusion via Signaling in Multiple Object Auctions with Complementarities- An Experimental Test," Working Papers 200102, University of Hawaii at Manoa, Department of Economics.
  3. He, Haoran & Chen, Yefeng & Last Name, First Name, 2014. "Auction Mechanisms for Allocating Subsidies for Carbon Emissions Reduction: An Experimental Investigation," Discussion Papers dp-14-06-efd, Resources For the Future.

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