Uniform vs. discriminatory auctions with variable supply – experimental evidence [Dataset]

DOI

In the variable supply auction considered here, the seller decides how many customers with unit demand to serve after observing their bids. Bidders are uncertain about the seller's cost. We experimentally investigate whether a uniform or a discriminatory price auction is better for the seller in this setting. Exactly as predicted by theory, it turns out that the uniform price auction produces substantially higher bids, and consequently yields higher revenues and profits for the seller. Furthermore, again as predicted by theory, the uniform price auction yields a higher number of transactions, which makes it also the more efficient auction format.

Identifier
DOI https://doi.org/10.11588/data/10013
Related Identifier https://doi.org/10.1016/j.geb.2009.06.008
Metadata Access https://heidata.uni-heidelberg.de/oai?verb=GetRecord&metadataPrefix=oai_datacite&identifier=doi:10.11588/data/10013
Provenance
Creator Becker, Johannes G.; Damianov, Damian S.; Oechssler, Jörg
Publisher heiDATA
Contributor Oechssler, Jörg; Becker, Johannes G.; Damianov, Damian S.; HeiDATA: Heidelberg Research Data Repository
Publication Year 2014
Rights info:eu-repo/semantics/closedAccess
OpenAccess false
Contact Oechssler, Jörg (Alfred-Weber-Institute of Economics)
Representation
Resource Type Dataset
Format application/x-gzip; text/tab-separated-values; application/octet-stream
Size 1062241; 232318; 211647
Version 1.1
Discipline Agriculture, Forestry, Horticulture, Aquaculture; Agriculture, Forestry, Horticulture, Aquaculture and Veterinary Medicine; Life Sciences; Social Sciences; Social and Behavioural Sciences; Soil Sciences
Spatial Coverage Heidelberg, Germany