Bagchi, Aniruddha; Katzman, Brett; Mathews, Timothy - In: Journal of Economics 112 (2014) 1, pp. 1-29
-winning bidder at a price equal to their bid at auction. This study is motivated by the take-it-or-leave-it second chance offer rules … price, second price, English, and Vickrey auctions when a second chance offer will be made with an exogenous probability … a second chance offer and higher than if a second chance offer will be made for certain. Further, the possibility of a …