| Publication type: | Article in scientific journal |
| Type of review: | Peer review (publication) |
| Title: | Auctions with variable supply : uniform price versus discriminatory |
| Authors: | Damianov, Damian S. Becker, Johannes Gerd |
| DOI: | 10.1016/j.euroecorev.2009.09.002 |
| Published in: | European Economic Review |
| Volume(Issue): | 2008 |
| Issue: | 4 |
| Page(s): | 571 |
| Pages to: | 593 |
| Issue Date: | 2009 |
| Publisher / Ed. Institution: | Elsevier |
| ISSN: | 0014-2921 |
| Language: | English |
| Subject (DDC): | 658.8: Marketing management |
| Abstract: | We examine an auction in which the seller determines the supply after observing the bids. We compare the uniform price and the discriminatory auction in a setting of supply uncertainty. Uncertainty is caused by the interplay of two factors: the seller's private information about marginal cost, and the seller's incentive to sell the profit-maximizing quantity given the received bids. In every symmetric mixed strategy equilibrium, bidders submit higher bids in the uniform price auction than in the discriminatory auction. In the two-bidder case this result extends to the set of rationalizable strategies. As a consequence, we find that the uniform price auction generates higher expected revenue for the seller and higher trade volume |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/8488 |
| Fulltext version: | Published version |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Appears in collections: | Publikationen School of Management and Law |
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Damianov, D. S., & Becker, J. G. (2009). Auctions with variable supply : uniform price versus discriminatory. European Economic Review, 2008(4), 571–593. https://doi.org/10.1016/j.euroecorev.2009.09.002
Damianov, D.S. and Becker, J.G. (2009) ‘Auctions with variable supply : uniform price versus discriminatory’, European Economic Review, 2008(4), pp. 571–593. Available at: https://doi.org/10.1016/j.euroecorev.2009.09.002.
D. S. Damianov and J. G. Becker, “Auctions with variable supply : uniform price versus discriminatory,” European Economic Review, vol. 2008, no. 4, pp. 571–593, 2009, doi: 10.1016/j.euroecorev.2009.09.002.
DAMIANOV, Damian S. und Johannes Gerd BECKER, 2009. Auctions with variable supply : uniform price versus discriminatory. European Economic Review. 2009. Bd. 2008, Nr. 4, S. 571–593. DOI 10.1016/j.euroecorev.2009.09.002
Damianov, Damian S., and Johannes Gerd Becker. 2009. “Auctions with Variable Supply : Uniform Price versus Discriminatory.” European Economic Review 2008 (4): 571–93. https://doi.org/10.1016/j.euroecorev.2009.09.002.
Damianov, Damian S., and Johannes Gerd Becker. “Auctions with Variable Supply : Uniform Price versus Discriminatory.” European Economic Review, vol. 2008, no. 4, 2009, pp. 571–93, https://doi.org/10.1016/j.euroecorev.2009.09.002.
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