A Dutch auction is an auction where a high price is selected and the price is slowly reduced until a buyer is found.
At a regular auction a price is quoted low and increases bid by bid until no one else wants to better the last.
What produces the better outcome for buyers and sellers – which tends to produce the highest price and which the lowest, or do they reach an equilibrium at the same level? And why?
Any links or a description in the comments would be welcome to scratch my itch.