Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062310 | Economics Letters | 2007 | 6 Pages |
Abstract
This paper studies the performance of auction formats when synergies are present between sequentially auctioned objects. Although the second-price auction format performs better in terms of efficiency and revenue, bankruptcy problems are less severe in the first-price auction format.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kasper Leufkens, Ronald Peeters,