Optimal Auctions with Simultaneous and Costly Participation

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Optimal internet auctions with costly communication

Iterative auctions can reach an outcome before all bidders have revealed all their preference information. This can decrease costs associated with communication, deliberation, and loss of privacy. We propose an explicit cost model that is inspired by single-item Internet auctions, such as those taking place on auction sites (eBay) or via informal communication (craigslist, mailing lists). A non...

متن کامل

Optimal Auctions with Participation Costs

We study the optimal auction problem with participation costs in the symmetric independent private values setting, where bidders know their valuations when they make independent participation decisions. After characterizing the optimal auction in terms of participation cuto¤s, we provide an example where it is asymmetric. We then investigate when the optimal auction will be symmetric/asymmetric...

متن کامل

Optimal mediated auctions with endogenous participation

The majority of academic papers on the Internet auction design does not distinguish between the auctioneer and the object owner, whereas nowadays leading Internet auction websites operate primarily as mediators that provide the platforms with no physical possessions of the auction objects. The role separation between the auctioneer and the object owner (seller) creates both incentive misalignme...

متن کامل

Optimal Two-stage Auctions with Costly Information Acquisition

We consider an auction environment with costly entry wherein the cost mainly stems from information acquisition. Bidders are endowed with original estimates (“types”) about their private values and can further learn their true values of the object for sale by incurring an entry cost. We first derive an integral form of the envelope formula as required by incentive compatible two-stage mechanism...

متن کامل

Meetings with costly participation

We study a collective decision-making process in which people who are interested in an issue are invited to attend a meeting, and the policy chosen is a compromise among the preferences of those who show up. We show that in an equilibrium the number of attendees is small and their positions are extreme; in a wide range of circumstances the outcome is random. These characteristics of an equilibr...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: The B.E. Journal of Theoretical Economics

سال: 2009

ISSN: 1935-1704,2194-6124

DOI: 10.2202/1935-1704.1522