Charity auctions with multiple goods: Bidding behavior and revenue |
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Authors: | Vivienne Groves |
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Institution: | Melbourne Business School, University of Melbourne, 200 Leicester Street, Carlton, Victoria, 3053, Australia |
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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. |
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Keywords: | D44 D62 D64 |
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