Boyer, Christopher; Brorsen, B.; Zhang, Tong - In: Journal of Economic Interaction and Coordination 9 (2014) 1, pp. 129-149
Previous theoretical work has compared a private-value auction and posted-price market, and an affiliated-value auction and a posted-price market to determine the selling method preferred by sellers. Much less, however, is known about the seller’s preferred selling method when the buyers have...