The Effect of Entry and Information Costs on Oral Versus Sealed-Bid Auctions

Working Paper No. 99-0125

Posted: 23 Mar 2000

See all articles by Richard Engelbrecht-Wiggans

Richard Engelbrecht-Wiggans

University of Illinois at Urbana-Champaign - Department of Business Administration

Abstract

At equilibrium with respect to bids, entry and information acquisition, oral auctions can generate significantly more revenue than sealed-bid auctions even in the case of independently-distributed privately-known values.

JEL Classification: D44

Suggested Citation

Engelbrecht-Wiggans, Richard, The Effect of Entry and Information Costs on Oral Versus Sealed-Bid Auctions. Working Paper No. 99-0125, Available at SSRN: https://ssrn.com/abstract=198815

Richard Engelbrecht-Wiggans (Contact Author)

University of Illinois at Urbana-Champaign - Department of Business Administration ( email )

1206 South Sixth Street
Champaign, IL 61820
United States
217-333-1028 (Phone)

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