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Within the IPV paradigm, we show nonparametric identification of model primitives for first-price and Dutch auctions with a binding reserve price and auction-specific, unobservable sets of potential bidders.
Persistent link: https://www.econbiz.de/10009195085
We study equilibria of a dynamic matching and bargaining game (DMBG) with two-sided private information bilateral bargaining. The model is a private information replica of Mortensen and Wright (2002). There are two kinds of frictions: time discounting and explicit search costs. A simple...
Persistent link: https://www.econbiz.de/10008565495