Chakraborty, Archishman; Gupta, Nandini; Harbaugh, Rick - In: RAND Journal of Economics 37 (2006) 1, pp. 176-194
Should a seller with private information sell the best or worst goods first? Considering the sequential auction of two stochastically equivalent goods, we find that the seller has an incentive to impress buyers by selling the better good first because the seller's sequencing strategy...