Philippe, Février; Laurent, Linnemer; Michael, Visser - Laboratoire d'Economie Appliquee, INRA - 2004
This paper reports the results from an experiment on two-unit sequential auctions with and without a buyer’s option (which gives the winner of the first auction the right to buy the second unit at the winning price). The demand for the two items is either decreasing, flat, or increasing. The 4...