The case for multi-unit single-run descending-price auctions

Irene Martínez-Pardina and Andres Romeu ()

Economics Letters, 2011, vol. 113, issue 3, 310-313

Abstract: We show that a multiple-unit descending-price auction in which the clock is not reset after each sale may be faster and yield more stable prices than an efficient alternative, thus providing sellers a rationale for using it in practice.

Keywords: Multi-unit descending-price sequential auctions; Numeric methods; Euler algorithm (search for similar items in EconPapers)
JEL-codes: C62 D44 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:3:p:310-313

DOI: 10.1016/j.econlet.2011.08.012

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