Efficiency of lowest-unmatched price auctions
In Lowest-Unmatched Price Auctions (LUPA) all participants pay a bidding fee and the lowest bid placed by only one participant wins. Many LUPAs do not specify what happens with the item on offer if there is no unmatched bid. The item may remain with the auctioneer which may appear unfair given that...
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| Hauptverfasser: | , |
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| Dokumenttyp: | Article (Journal) |
| Sprache: | Englisch |
| Veröffentlicht: |
20February 2016
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| In: |
Economics letters
Year: 2016, Jahrgang: 141, Pages: 98-102 |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/j.econlet.2016.02.012 |
| Online-Zugang: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.econlet.2016.02.012 Verlag, lizenzpflichtig, Volltext: http://www.sciencedirect.com/science/article/pii/S0165176516300337 
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| Verfasserangaben: | Jürgen Eichberger, Dmitri Vinogradov |
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