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Experimental Comparisons of Auctions Under Single and Multi Unit Demand


  • Alsemgeest, P.
  • Noussair, C.
  • Olson, M.


An English clock auction and a sealed-bid auction with lowest accepted-bid pricing are studied in a controlled laboratory setting. Buyers bid for either a single unit or two units of the good. The sealed-bid auction generates more revenue than the English clock auction in both cases. The revenue from the English clock auction is lower in the two-unit demand environment than in the single-unit demand environment, due to strategic demand reduction on the part of bidders. Copyright 1998 by Oxford University Press.
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Suggested Citation

  • Alsemgeest, P. & Noussair, C. & Olson, M., 1995. "Experimental Comparisons of Auctions Under Single and Multi Unit Demand," Purdue University Economics Working Papers 1078, Purdue University, Department of Economics.
  • Handle: RePEc:pur:prukra:1078

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    References listed on IDEAS

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    demand ; economic theory ; auctions;


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