Sade, Orly; Schnitzlein, Charles; Zender, Jaime F. - Fondazione ENI Enrico Mattei (FEEM) - 2004
An experimental approach is used to examine the performance of three different multi-unit auction designs: discriminatory, uniform-price with fixed supply, and uniform-price with endogenous supply. We find that the strategies of the individual bidders and the aggregate demand curves are...