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Charity auctions with multiple goods: Bidding behavior and revenue
Authors:Vivienne Groves
Institution:
  • Melbourne Business School, University of Melbourne, 200 Leicester Street, Carlton, Victoria, 3053, Australia
  • Abstract:In a charity auction with multiple goods, we show that the highest-losing bid uniform price auction revenue dominates its lowest-winning bid counterpart. Only in the highest-losing bid uniform price auction is bidding independent of the number of goods and players and revenue increasing in the number of goods.
    Keywords:D44  D62  D64
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