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-bidder resale is possible. Zheng's construction requires novel conditions '€" Resale Monotonicity, Transitivity, and Invariance … show that Invariance implies Resale Monotonicity and Transitivity. …
Persistent link: https://www.econbiz.de/10010333770
In standard auctions with symmetric, independent private value bidders resale creates a role for a speculator …
Persistent link: https://www.econbiz.de/10010333923