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MULTIUNIT AUCTIONS
Author(s) -
Kwasnica Anthony M.,
Sherstyuk Katerina
Publication year - 2013
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/joes.12017
Subject(s) - common value auction , collusion , combinatorial auction , economics , forward auction , microeconomics , empirical evidence , mathematical economics , auction theory , computer science , philosophy , epistemology
We survey experimental research on multiunit auctions with an emphasis on topics that may be of a unifying interest to experimental, as well as theoretical and empirical economists. Topics include static and dynamic multiunit auctions; combinatorial auctions and efficient auction design; simultaneous and sequential auctions; bidder asymmetry and endogenous entry, and collusion in auctions. We also discuss behavioral regularities observed in multiunit auction experiments.