Auctions of Identical Objects with Single-Unit Demands: a Survey

Flavio Menezes ()

Working Papers from Australian National University - Department of Economics

Abstract: The theory of auctions of a single object generalizes to a situation where identical objects are sold either sequentially or simultaneously but individuals can only buy one object. In this context, I will present a survey of the main results regarding the ranking of auctions based on revenue, bidding behaviour, effects of entry fees and reserve prices, and other strategic issues.

Keywords: AUCTIONS; PRICES; RISK (search for similar items in EconPapers)
JEL-codes: D82 D44 (search for similar items in EconPapers)
Date: 1999

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Persistent link: http://EconPapers.repec.org/RePEc:fth:aunaec:363

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