| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060526 | Economics Letters | 2011 | 4 Pages |
Abstract
⺠We extend existing models of charity auctions to allow for the sale of multiple goods. ⺠The highest-losing bid uniform price auction is shown to revenue dominate its lowest-winning bid counterpart. ⺠We show that the highest-losing bid uniform price auction is independent of the number of goods and players. ⺠The highest-losing bid uniform price auction is monotonically increasing in the number of goods. ⺠These three characteristics make the highest-losing bid uniform price auction appropriate for a charity auction.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Vivienne Groves,