Synergies are a reason to prefer first-price auctions!

K. Leufkens, R.J.A.P. Peeters

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

This paper studies the performance of auction formats when synergies are present between sequentially auctioned objects. Although the second-price auction format performs better in terms of efficiency and revenue, bankruptcy problems are less severe in the first-price auction format.
Original languageEnglish
Pages (from-to)64-69
Number of pages6
JournalEconomics Letters
Volume97
Issue number1
DOIs
Publication statusPublished - 1 Jan 2007

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