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Procurement bidding in first-price and second-price sealed bid common value auctions
Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Economics.
1999 (English)Report (Other scientific)
Abstract [en]

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
Keyword [en]
Common value auctions; Procurement; Vickrey auction
URN: urn:nbn:se:uu:diva-44491OAI: oai:DiVA.org:uu-44491DiVA: diva2:72396
Available from: 2008-10-17 Created: 2008-10-17

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