Barut, Yasar; Kovenock, Dan; Noussair, Charles - Abteilung "Wettbewerbsfähigkeit und industrieller … - 1999
This paper examines the properties of independent-private-value all-pay and winner-pay auctions when there are multiple units sold. We study bidding behavior, efficiency and revenue in a set of nine experimental sessions, each with six bidders. All-pay auctions were played in six of the...
