By Fredrik Evensen Aschehoug

In the Norwegian real estate market, object are usually sold using a form
of auction called ascending-bid, also known as an English auction. This differs from the practice in other countries when looking at markets around
the world. The auction process is also very transparent in Norway, with the
bid history being available to all auction bidders. This blog post aims to
discuss the effects the form of auction and the number of bidders has on
the final price.

Full text: http://info207.w.uib.no/files/2020/09/The-effects-of-ascending-bid-auctions.pdf