Ehrhart, Karl-Martin; Ott, Marion - 2014 - Preliminary and incomplete. This draft: June 24, 2014
values in single-unit English and Dutch clock auctions. Bidders' reference points are endogenous and determined by their …, and make optimal binary decisions at each price (approve or quit in the English auction and wait or bid in the Dutch … considering different own strategies. The expected revenue in the Dutch auction is higher than in the English auction in the …