Auctions with budget-constrained buyers: a nonequivalence result

An analysis of the impact of binding budget constraints on the expected revenue generated by sealed-bid and oral auctions, showing that revenue is higher in the former case.

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Year of publication:	1994
Authors:	Che, Yeon-Koo ; Gale, Ian
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Competition \| Small business

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9402
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428391