๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

A note on expected rent in auction theory

โœ Scribed by Xiaohu Li

Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
148 KB
Volume
33
Category
Article
ISSN
0167-6377

No coin nor oath required. For personal study only.

โœฆ Synopsis

The expected rent in a reverse (buyer's) auction is shown to be monotonically nonincreasing in the number of bidders if the distribution of valuations is DRHR (IFR). Conditions under which an increase in the spread of bids results in an increase in the expected rent are established as well.

๐Ÿ“œ SIMILAR VOLUMES

A note on the sequence of expected extre
A note on the sequence of expected extremes
โœ Slawomir Kolodynski ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 70 KB

Necessary and su cient conditions for a sequence to be an expectation sequence of maximal (or minimal) order statistics are obtained. Applications to the study of convergence in distribution are given.

A note on US royalty relief, rent sharin
A note on US royalty relief, rent sharing and offshore oil production
โœ Paul Hallwood ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 139 KB

This paper offers an economic analysis explaining why royalty relief under US Federal legislation is expensive in terms of revenue foregone, but is largely ineffective in increasing US offshore oil production. Repeal of royalty relief is therefore justified.