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What Really Matters in Auction Design.

Abstract:

The most important issues in auction design are the traditional concerns of competition policy-preventing collusive, predatory, and entry deterring behaviour. Ascending and uniform-price auctions are particularly vulnerable to these problems (we discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction - a hybrid of the sealed-bid and ascending auctions may often perform better. However, everything depends on the details of ...

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Publisher:
CEPR
Host title:
C.E.P.R. Discussion Papers
Series:
C.E.P.R. Discussion Papers
Volume:
2581
Publication date:
2000-01-01
Paper number:
2581
Language:
English
UUID:
uuid:c9eca3a7-80a9-4b2c-b714-b0f64256a0e6
Local pid:
oai:economics.ouls.ox.ac.uk:11586
Deposit date:
2011-08-16

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