Masatlioglu, Yusufcan; Taylor, Sarah; Uler, Neslihan - In: Review of Economic Design 16 (2012) 2, pp. 159-173
), that generalizes the standard first-price sealed-bid auction. In Mechanism (α), buyers are asked to submit a value which … will then be multiplied by α to calculate the bids in the auction. When α = 1, Mechanism (α) is the standard first …-price sealed-bid auction. We show that for any α, calculated bids should be identical across mechanisms. We conduct a laboratory …