Manelli, Alejandro; Sefton, Martin; Wilner, Benjamin S. - 2000
We compare, experimentally, the Vickrey auction and an ascending-price auction recently introduced by Ausubel (1997 … valuations either have a common-value component or are private information. We find that the Ausubel auction is less prone to … overbidding and may yield higher revenue than the Vickrey auction. The gain in revenue seems to be coupled with a loss of …