Trabajo publicado como artículo en Economics Letters 95(2): 167-173 (2007).-- http://dx.doi.org/10.1016/j.econlet.2006.09.028
Oral, right-to-choose auctions raise higher revenue when buyers are risk averse. When standard sequential and right-to-choose auctions allocate the objects en the same fashion, this means that sellers prefer the latter, which is consistent with normal practice in sales of real estate, for instance. Prices follow a declining pattern, as has also been observed.