Bidding Behavior in Multi-Unit Auctions — An Experimental Investigation and some Theoretical Insights¤


We present laboratory experiments of di¤erent multi-unit auction mechanisms. Two units of a homogeneous object were auctioned o¤ among two bidders with ‡at demand for two units. We test whether expected demand reduction occurs in open and sealed–bid uniform–price auctions. Revenue equivalence is tested for these auctions as well as for the Ausubel… (More)


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