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is a pivot mechanism with a reserve price. Finally, we consider sequential ascending auctions in this setting, both with … case for sequential second-price auctions, as the bids in a second-price auction do not reveal sufficient information to …
Persistent link: https://www.econbiz.de/10015216671
is a pivot mechanism with a reserve price. Finally, we consider sequential ascending auctions in this setting, both with … case for sequential second-price auctions, as the bids in a second-price auction do not reveal sufficient information to …
Persistent link: https://www.econbiz.de/10015216708
static settings, sequential second-price auctions cannot yield these outcomes, as they do not reveal sufficient information. …
Persistent link: https://www.econbiz.de/10015217921
-price auctions cannot yield this outcome, as these auctions do not reveal sufficient information to symmetrize different cohorts. We …
Persistent link: https://www.econbiz.de/10015222321
We model new experience goods in the context of dynamic mechanism design. These are goods for which an agent is unsure of her valuation but can learn it through consumption experience. We consider a dynamic environment with a single buyer and seller in which contracting occurs over T periods,...
Persistent link: https://www.econbiz.de/10015266588
is a pivot mechanism with a reserve price. Finally, we consider sequential ascending auctions in this setting, both with … case for sequential second-price auctions, as the bids in a second-price auction do not reveal sufficient information to …
Persistent link: https://www.econbiz.de/10015268575
We analyze a dynamic market in which buyers compete in a sequence of auctions. New buyers and objects may arrive at … their continuation value, which is the option value of participating in future auctions. We show that this option value …
Persistent link: https://www.econbiz.de/10015216672
We examine a model in which multiple buyers with single-unit demand are faced with an infinite sequence of auctions … sold via ascending auctions. We show that each buyer's bids and payoffs depend only upon their rank amongst their …
Persistent link: https://www.econbiz.de/10015260759
buyer. Equilibrium prices are determined by a sequence of second-price auctions. We examine the manner in which equilibrium …
Persistent link: https://www.econbiz.de/10015266528
-price auctions, and examine the manner in which the option value of future auctions, and hence bidding behavior, varies with both …
Persistent link: https://www.econbiz.de/10015267372