𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Buy prices in online auctions: irrationality on the internet?

✍ Scribed by Eric B. Budish; Lisa N. Takeyama


Book ID
117332039
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
58 KB
Volume
72
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.


πŸ“œ SIMILAR VOLUMES


The buy price in auctions with discrete
✍ Yusuke Inami πŸ“‚ Article πŸ“… 2011 πŸ› Elsevier Science 🌐 English βš– 343 KB

This paper considers second-price, sealed-bid auctions with a buy price where bidders' types are discretely distributed. We characterize all equilibria in which bidders whose types are less than the buy price bid their own valuations. Budish and Takeyama ( 2001) analyze the two-bidder, two-type fram