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Comparing Open and Sealed Bid Auctions: Evidence from Timber Auctions

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NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14590
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资源简介:
We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U.S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more small bidders, shift the allocation towards these bidders,
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2008-12-01
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