Les marchés au cadran et la formation des prix

Dutch type auctions, used to sell fruits and vegetables, are special resources allocation procedures. In this article, we study the mechanism properties through the bidding theory methods. The Dutch auction is often preferred to other allocation procedures for several reasons: it's an efficient and very fast revelation mechanism, which is fair. A game theory analysis is used to study the Dutch auction prices properties. The decreasing auction is a non cooperative game which is strategically equivalent to the first priGe auction. The price formed, depending on the buyers' strategies, is a competitive price which tends to the true price when buyers become more risk averse and when competition increases.

Publication Details

Journal
AgEcon Search (University of Minnesota, USA)
Published
2025-01-01
DOI
https://doi.org/10.22004/ag.econ.354157
Primary Topic
Auction Theory and Applications
Type
article
Field-Weighted Citation Impact
0.00
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article

Les marchés au cadran et la formation des prix

AgEcon Search (University of Minnesota, USA)
Auction Theory and Applications
article

Les marchés au cadran et la formation des prix

article en

Abstract

Dutch type auctions, used to sell fruits and vegetables, are special resources allocation procedures. In this article, we study the mechanism properties through the bidding theory methods. The Dutch auction is often preferred to other allocation procedures for several reasons: it's an efficient and very fast revelation mechanism, which is fair. A game theory analysis is used to study the Dutch auction prices properties. The decreasing auction is a non cooperative game which is strategically equivalent to the first priGe auction. The price formed, depending on the buyers' strategies, is a competitive price which tends to the true price when buyers become more risk averse and when competition increases.

AgEcon Search (University of Minnesota, USA)
Openalex Percentile: Top 44%
Auction Theory and Applications
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Les marchés au cadran et la formation des prix · AgEcon Search (University of Minnesota, USA) (2025) | TGRS Research Map | TGRS