Sequential auctions with decreasing reserve prices.
We study sequential sealed bid auctions with decreasing reserve prices when there are two identical objects for sale and unit-demand bidders (existing literature has dealt with the case of weakly increasing reserve prices). Under decreasing reserve prices bidders may have an incentive not to bid in...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2574 https://ink.library.smu.edu.sg/context/soe_research/article/3573/viewcontent/Sequential.pdf |
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| Institution: | Singapore Management University |
| Language: | English |