Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062470 | Economics Letters | 2007 | 6 Pages |
Abstract
In some uniform-price auctions, the auctioneer decides how much to sell after the bidding. Auctioneer expected profit and social welfare can each be strictly higher in all equilibria given such “adjustable supply” than in all equilibria given any fixed quantity and reserve price.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
David McAdams,