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August 25, 2025Journal of Political Economy0 citationsOpen Access

A Case for Pay-as-Bid Auctions

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MPMarek PyciaKWKyle Woodward

Key Points

  • Pay-as-bid auctions present a unique mechanism that could reshape market bidding strategies, boosting competitive pricing.
  • The analysis emphasizes the economic principles underlying pay-as-bid auctions and their potential effectiveness in various markets.
  • Discussion focuses on the distinct benefits and drawbacks of this auction format compared to traditional models.
  • Findings may influence future auction designs and regulatory approaches in the realm of political economy.

Abstract

Previous articleNext article Open AccessA Case for Pay-as-Bid AuctionsMarek Pycia and Kyle WoodwardMarek Pycia and Kyle WoodwardPDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookXLinkedInRedditBlueskyEmailPrint SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Just Accepted Article DOIhttps://doi.org/10.1086/738341 PermissionsRequest permissions HistoryAccepted July 09, 2025 © 2025 The University of Chicago. All Rights reserved.PDF download Crossref reports no articles citing this article.

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Cite This Study

Pycia et al. (2025) studied this question.

synapsesocial.com/papers/68af5d6fad7bf08b1eae0e87https://doi.org/10.1086/738341
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