Hinloopen, Jeroen; Onderstal, Sander; Treuren, Leonard - 2019
Using laboratory experiments, we compare the stability of bidding rings in the English auction and the first … observe that biddings rings are more stable in the English auction than in the first-price sealed-bid auction. In both … conditions, the first-price sealed-bid auction dominates the English auction in terms of average revenue and the revenue spread …