Experimental Studies of Discrimination versus Competition in Sealed Bid Auction Markets

Authors

Vernon L. Smith, Chapman UniversityFollow

Document Type

Article

Publication Date

1967

Abstract

In this study, attention focuses on the behavior of a class of auction markets where formal organization requires the individual competing bidders to submit one or more written "sealed bids" specifying the quantity and price at which they are committed to buy (or sell) units of the item being traded.

Comments

This article was originally published in Journal of Business, volume 40, issue 1, in 1967.

Recommended Citation

Smith, Vernon L. “Experimental Studies of Discrimination versus Competition in Sealed Bid Auction Markets.” Journal of Business, 40.1 (1967): 56-84.

Peer Reviewed

1

Copyright

University of Chicago