The Effect of Entry and Information Costs on Oral Versus Sealed-Bid Auctions
Working Paper No. 99-0125
Posted: 23 Mar 2000
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: Suggested Citation