Alt tag
A lecture in the Economics Speaker Series from the University of Saskatchewan Department of Economics

Different number of bidders in sequential auctions

A talk by Dr. Hikmet Gunay (PhD), University of Manitoba

Event

Date: Wednesday, Sept. 28
Time: 4 pm
Location: Arts Building Room 807, 9 Campus Dr., Saskatoon

Free and open to the public

About this event

A talk by Dr. Hikmet Gunay (PhD), University of Manitoba

We analyze the correct selling order in a second-price sequential auction for two heterogeneous synergistic goods with local and global bidders. We prove that as the number of local bidders in the second auction approaches infinity, the outcome is always efficient. However, as the number of local bidders in the first auction approaches infinity, the outcome is inefficient with a positive probability. By using simulations, we show that selling the good with more finite bidders in the second auction results in a more efficient outcome. If the selling order is incorrect, the probability of an inefficient outcome is around 19%.

Info: economics.dept@usask.ca


Upcoming Events

Storytelling as Connection and Resistance

May 8, 2025
Listen to stories from Elders, youth, and Knowledge Keepers from the Inuit community of south-eastern Labrador

Flutter by Butterfly: A Tribute to Kenny Wheeler

May 23, 2025
The SJO, led by USask music professor Dean McNeill, pays tribute to one of the most unique Canadian voices in jazz

Kenny Wheeler-Inspired Jazz Composition Symposium

May 21-24, 2025
The SJO, directed by School for the Arts professor Dean McNeill, hosts four days of concerts, lectures and discussions

 

See all events