Article ID Journal Published Year Pages File Type
5062819 Economics Letters 2006 6 Pages PDF
Abstract

This paper considers equilibrium prices in sequential auctions for complementary objects. When objects are stochastically equivalent, expected prices may not necessarily decrease as predicted by models with identical objects.

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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Sequential auctions for stochastically equivalent complementary objects
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