Seller Beware: Supply and Demand Reduction and Price Manipulation in Multiple‐Unit Uniform Price Auctions

C-Tier
Journal: Southern Economic Journal
Year: 2016
Volume: 82
Issue: 3
Pages: 760-780

Authors (3)

Abel M. Winn (not in RePEc) Michael L. Parente (not in RePEc) David Porter (Chapman University)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We experimentally compare under‐revelation of supply and demand across alternative variations of ascending and descending two‐sided price clock auctions. We find that buyers reduce demand more when the price is ascending but sellers’ behavior is consistent across clock directions. As a result, the clock price rule has empirical effects on efficiency even though it is theoretically neutral.

Technical Details

RePEc Handle
repec:wly:soecon:v:82:y:2016:i:3:p:760-780
Journal Field
General
Author Count
3
Added to Database
2026-01-29