This paper analyzes the entry decision of rational bidders who expect to experience auction fever in English auctions. It shows that nonparticipation decision reduces seller's expected profit and this effect may outweigh the positive effect of the auction fever. We analyze the choice between English
On Managerial Decision Problem of the Auction Sites
โ Scribed by Kin Keung Lai; Jun Ma; Shouyang Wang
- Publisher
- Academy of Mathematics and Systems Science, Chinese Academy of Sciences
- Year
- 2006
- Tongue
- English
- Weight
- 220 KB
- Volume
- 19
- Category
- Article
- ISSN
- 1009-6124
No coin nor oath required. For personal study only.
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