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Charity auctions with multiple goods: Bidding behavior and revenue

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  • Groves, Vivienne

Abstract

In a charity auction with multiple goods, we show that the highest-losing bid uniform price auction revenue dominates its lowest-winning bid counterpart. Only in the highest-losing bid uniform price auction is bidding independent of the number of goods and players and revenue increasing in the number of goods.

Suggested Citation

  • Groves, Vivienne, 2011. "Charity auctions with multiple goods: Bidding behavior and revenue," Economics Letters, Elsevier, vol. 111(2), pages 166-169, May.
    • Handle: RePEc:eee:ecolet:v:111:y:2011:i:2:p:166-169
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    References listed on IDEAS

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    7. Jacob K. Goeree & Emiel Maasland & Sander Onderstal & John L. Turner, 2005. "How (Not) to Raise Money," Journal of Political Economy, University of Chicago Press, vol. 113(4), pages 897-926, August.
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