Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957497 | Journal of Economic Theory | 2006 | 26 Pages |
Abstract
Consider an English auction for a single object in which there is an option for a bidder to guarantee a purchase at a seller-specified buy price b at any time. We show that there exist v˜ and v^ (⩾v˜), such that a bidder purchases at the buy price immediately if his valuation vv is no less than v^ or v˜⩽v
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Zoltán Hidvégi, Wenli Wang, Andrew B. Whinston,