Harry J. Paarsch and Han Hong, An Introd
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Isabelle Perrigne
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Article
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2010
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John Wiley and Sons
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English
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is the use of ascending auctions, which differ from the clock model developed by theorists. Analysts have circumvented this problem by either showing that the winning bid can be approximated as in the clock model or by developing an incomplete model as in Haile and Tamer (2003). Auctions on the web