| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072051 | Games and Economic Behavior | 2012 | 25 Pages |
Abstract
⺠An efficiency trade-off in first-price auctions with package bidding is studied. ⺠It arises from the interplay between the threshold problem and bidder asymmetries. ⺠At high (low) synergies package bidding improves (hurts) efficiency. ⺠The efficiency trade-off is supported by the experimental data. ⺠Evidence is mixed on the prediction that package bidding reduces revenue.
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Authors
Kirill Chernomaz, Dan Levin,