Revenue-maximizing Mechanism Choice in Divisible Good Auctions: an Empirical Analysis of the Thai Treasury Auction Market an Honors Thesis Submitted to the Department of Economics of Stanford University

  • Triwit Ariyathugun
  • Published 2013

Abstract

An important question that prevails in the theory of divisible-good auctions is to determine whether a discriminatory auction yields higher revenues to the auctioneer than a uniform price auction or Vickrey auction. One way to answer this question empirically is to use estimates of the bidders’ true marginal valuations on the auctioned goods. This Honors… (More)

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21 Figures and Tables