Designing multi-unit multiple bid auctions: an agent-based computational model of uniform, discriminatory and generalised Vickrey Auctions - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement Accéder directement au contenu
Article Dans Une Revue Economic Record Année : 2007

Designing multi-unit multiple bid auctions: an agent-based computational model of uniform, discriminatory and generalised Vickrey Auctions

Le format des enchères multi-unitaires : un modèle de simulation des enchères à prix uniforme, discriminant et Vickrey généralisé

Résumé

Multi-unit auctions are being used by public agencies to allocate resources and to purchase services. These auctions resolve the lumpy bid problem inherent in single-bid auctions by allowing bidders to submit a supply or demand schedule. However, the choice of pricing formats for multi-unit auctions is controversial. Neither economic theory nor laboratory experiments depict a complete picture of how alternative pricing formats perform in terms of budgetary or allocative efficiency. This paper constructs an agent-based computational model to compare uniform, discriminatory and generalised Vickrey pricing formats under different degrees of competition and heterogeneity in the bidder population.
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Dates et versions

hal-02664994 , version 1 (31-05-2020)

Identifiants

Citer

Atakelty Hailu, Sophie Thoyer. Designing multi-unit multiple bid auctions: an agent-based computational model of uniform, discriminatory and generalised Vickrey Auctions. Economic Record, 2007, 83 (S1), pp.S57-S72. ⟨10.1111/j.1475-4932.2007.00410.x⟩. ⟨hal-02664994⟩
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