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A note on low-price menu auctions

✍ Scribed by G. Rapisarda

Book ID
116420793
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
93 KB
Volume
83
Category
Article
ISSN
0165-1765

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πŸ“œ SIMILAR VOLUMES

A note on expected rent in auction theor
A note on expected rent in auction theory
✍ Xiaohu Li πŸ“‚ Article πŸ“… 2005 πŸ› Elsevier Science 🌐 English βš– 148 KB

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.