Article ID Journal Published Year Pages File Type
9549197 Economics Letters 2005 5 Pages PDF
Abstract
In English auctions with weak and strong buyers, the equilibrium revenue arising from using the optimal reserve price is shown to be higher than the expected revenue in any “intuitive” equilibrium of an auction with a participation fee.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Participation fees vs. reserve prices in auctions with asymmetric or colluding buyers
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