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Discrete Clock Auctions: An Experimental Study
Clock auctions Pricing rules Market design Experiments
2015/9/23
We analyze the implications of different pricing rules in discrete clock
auctions. The two most common pricing rules are highest-rejected bid (HRB) and
lowest-accepted bid (LAB). Under HRB, the winn...
We analyze the implications of different pricing rules in discrete clock
auctions. The two most common pricing rules are highest-rejected bid
(HRB) and lowest-accepted bid (LAB). Under HRB, the wi...