| Article ID: | iaor20043307 |
| Country: | Netherlands |
| Volume: | 32 |
| Issue: | 2 |
| Start Page Number: | 103 |
| End Page Number: | 108 |
| Publication Date: | Mar 2004 |
| Journal: | Operations Research Letters |
| Authors: | Gutierrez Genaro, Paul Anand |
| Keywords: | bidding |
In terms of a standard model for English auctions and sealed-bid auctions, we study the impact of an increase in bidding competition and in variance of the distribution of valuations on the winner's expected rent using tools from order statistics and stochastic ordering.