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Efficiency of lowest-unmatched price auctions

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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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Main Authors: Eichberger, Jürgen (Author) , Vinogradov, Dmitri V. (Author)
Format: Article (Journal)
Language:English
Published: 20February 2016
In: Economics letters
Year: 2016, Volume: 141, Pages: 98-102
ISSN:0165-1765
DOI:10.1016/j.econlet.2016.02.012
Online Access: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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Author Notes:Jürgen Eichberger, Dmitri Vinogradov
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Efficiency of lowest-unmatched price auctions by Eichberger, Jürgen (Author) , Vinogradov, Dmitri V. (Author) ,


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