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Economic Instruction

Teaching Marginal Cost, Supply, and Efficiency with an English-Auction Experiment

Pages 52-59 | Published online: 25 Mar 2010

References

  • Ashenfelter , O. 1989 . How auctions work for wine and art . Journal of Economic Perspectives , 3 : 23 – 36 . (Summer)
  • Ausubel , L. M. and Cramton , P. C. 1996 . Demand reduction and inefficiency in multi-unit auctions , Department of Economics, University of Maryland . Working Paper No. 96–07
  • Cox , J. , Smith , V. L. and Walker , J. M. 1985 . “ Expected revenue in discriminative and uniform price sealed bid auctions ” . In Research in experimental economics, vol. 3 , Edited by: Smith , V. L. Greenwich, Conn. : JAI .
  • Kosicki , G. 1991 . Linking the production possibilities curve, the supply curve, and the competitive norm . Journal of Economic Education , 22 : 307 – 11 . (Fail)

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