Arbeitspapier

A sealed-bid auction that matches the English auction

This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger and acquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction, yet is less susceptible to preemptive bidding and collusion.

Language
Englisch

Bibliographic citation
Series: SFB 373 Discussion Paper ; No. 1998,63

Classification
Wirtschaft
Auctions
Subject
Auctions

Event
Geistige Schöpfung
(who)
Perry, Motty
Wolfstetter, Elmar
Zamir, Shmuel
Event
Veröffentlichung
(who)
Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
(where)
Berlin
(when)
1998

Handle
URN
urn:nbn:de:kobv:11-10060032
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Perry, Motty
  • Wolfstetter, Elmar
  • Zamir, Shmuel
  • Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes

Time of origin

  • 1998

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