| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061466 | Economics Letters | 2009 | 5 Pages |
Abstract
I modify the uniform-price auction rules in allowing the seller to ration bidders. This allows me to provide a strategic foundation for underpricing when the seller has an interest in ownership dispersion. Moreover, many of the so-called “collusive-seeming” equilibria disappear.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Sylvain Bourjade,