Procurement bidding in first-price and second-price sealed bid common value auctions
1999 (English)Report (Other scientific)
Within the framework of the common value model, we examine the magnitude of the difference in expected outcome between first-price and second-price sealed bid auctions. The study is limited to two empirical specifications of bidders’ signals: Weibull and
Place, publisher, year, edition, pages
Uppsala: Department of Economics, Uppsala University , 1999.
, Working paper / Department of Economics, Uppsala University, 1999:17
Common value auctions; Procurement; Vickrey auction
IdentifiersURN: urn:nbn:se:uu:diva-44491OAI: oai:DiVA.org:uu-44491DiVA: diva2:72396