| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061066 | Economics Letters | 2010 | 4 Pages |
Abstract
Allowing for a reserve price in a dynamic auction with capacity-constrained bidders changes the equilibrium in an unexpected way. The distribution of winning bids contains a mass point; several bidder types “bunch” at the reserve price.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Viplav Saini,