Signal-Jamming in a Sequential Auction

In a recurring auction early bids may reveal bidders' types, which in turn affects bidding in later auctions. Bidders take this into account and may bid in a way that conceals their private information until the last auction is played. The present paper analyzes the equilibrium of a sequence of first-price auctions assuming bidders have stable private values. We show that signal-jamming occurs and explore the dynamics of equilibrium prices

MoreLess

Year of publication:	2017
Authors:	Ding, Wei ; Jeitschko, Thomas D. ; Wolfstetter, Elmar
Publisher:	[S.l.] : SSRN
Subject:	Auktionstheorie \| Auction theory \| Auktion \| Auction \| Extensives Spiel \| Extensive form game

Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 108, 210 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 7, 2009 erstellt
Other identifiers:	10.2139/ssrn.1469745 [DOI]
Classification:	D44 - Auctions ; D02 - Institutions: Design, Formation, and Operations ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014204229