Private monitoring in auctions
Article Abstract:
The impact of an auctioneer's withholding of information on the collusion among bidders participating in first-price auctions, within a repeated game environment, is analyzed. The bidders employ private strategies in such situations.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
Germany, Forecasts, trends, outlooks, Management dynamics, Miscellaneous retail stores, not elsewhere classified, Art Dealers, Auctioneers, Art Dealers, Management, Usage, Forecasts and trends, Behavior, Influence, Market trend/market analysis, Company business management, Game theory, Purchasing agents, Auctioneers, Disclosure of information
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
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All equilibria of the Vickery auction
Article Abstract:
The Vickrey's second-price sealed-bid auction with independent private values and three or more bidders is evaluated. It is shown that any effective reserve price implies uniqueness.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2004
Evaluation
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2004
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Subjects list: United States, Auctions
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