Baisa, Brian; Burkett, Justin - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 1-28
We present a model of a discriminatory price auction in which a large bidder competes against many small bidders, followed by a post-auction resale stage in which the large bidder is endogenously determined to be a buyer or a seller. We extend results on first-price auctions with resale to this...
