Synergies and Price Trends in Sequential Auctions.

This paper considers sequential auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive synergy) or less than the sum (negative synergy). The authors show that the existence of positive synergies implies declining expected prices. When synergies are negative, expected prices are increasing.

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Year of publication:	1999
Authors:	Menezes, F. ; Monteiro, P.K.
Institutions:	Research School of Pacific and Asian Studies, College of Asia and the Pacific
Subject:	AUCTIONS \| GAME THEORY \| PRICES

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Series:	Australian National University - Department of Economics.
Type of publication:	Book / Working Paper
Notes:	18 pages
Classification:	D44 - Auctions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005207562