Sequential Auctions with Decreasing Reserve Prices
نویسندگان
چکیده
منابع مشابه
Equilibrium reserve prices in sequential ascending auctions
We study a model in which the same set of bidders, with perfectly correlated valuations across units, compete for two units of a good in two sequential ascending-price auctions. The seller sets a reserve price before the beginning of each auction. Surprisingly, the equilibrium has a simple structure; strategic nondisclosure of information (i.e., pooling) only takes the form of non-participation...
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ژورنال
عنوان ژورنال: The B.E. Journal of Theoretical Economics
سال: 2018
ISSN: 1935-1704
DOI: 10.1515/bejte-2017-0125