In this paper we consider equilibrium behavior in a Dutch (descending price) auction where the bidders are uninformed … auction. We assume that the information acquisition activity is covert. We characterize the equilibrium behavior in a setting …, the Dutch auction produces more revenue than would a first price auction …

In this paper we consider equilibrium behavior in a Dutch (descending price) auction where the bidders are uninformed … auction. We assume that the information acquisition activity is covert. We characterize the equilibrium behavior in a setting …, the Dutch auction produces more revenue than would a first price auction …

We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing … debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two … auction institutions. In our treatment condition some sellers have less information than in our baseline conditions. In both …

We study experimental multi-unit uniform and discriminatory auctions with demand uncertainty, motivated by the ongoing … debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two … auction institutions. In our treatment condition some sellers have less information than in our baseline conditions. In both …