On Some Myths about Sequenced Common-valued Auctions

Frutos, María Ángeles de; Rosenthal, R.

On Some Myths about Sequenced Common-valued Auctions

Author(s): Frutos, María Ángeles de; Rosenthal, R.

Publisher: Elsevier

Issued date: 1998

Citation: Games and Economic Behavior. 1998, vol. 23, p. 201-221

ISSN: 0899-8256

DOI: 10.1006/game.1997.0628

Review: PeerReviewed

Publisher version: http://dx.doi.org/10.1006/game.1997.0628

URI: http://hdl.handle.net/10016/4418

Rights: ©Elsevier

Abstract:

Equilibria are constructed for classes of game models of sequenced second-price auctions having identical common-valued objects. In some of these the equilibrium price falls on average, and in others the seller loses on average by committing to announce public [+]

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