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Hybrid Auctions II: Experimental Evidence

Dutra, Joisa C; Menezes, Flavio


In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid second-price auction. This auction mechanism shares some important features with that used in the sale of the companies constituted through the partial division of the Telebras System - the government-owned Telecom holding in Brazil. We designed an experiment where individuals participate in a...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Working/Technical Paper


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