Reserve Prices In A Dynamic Auction When Bidders Are Capacity-constrained

Title:
Reserve Prices In A Dynamic Auction When Bidders Are Capacity-constrained
Authors:
Saini, Viplav
Abstract:
Allowing for a reserve price in a dynamic auction with capacity-constrained bidders changes the equilibrium in an unexpected way. The distribution of winning bids contains a mass point; several bidder types “bunch” at the reserve price.
Citation:
Saini, Viplav. 2010. "Reserve Prices In A Dynamic Auction When Bidders Are Capacity-constrained." Economics Letters 108(3): 303-306.
Publisher:
Elsevier Science
DATE ISSUED:
2010-09
Department:
Economics
Type:
article
PUBLISHED VERSION:
10.1016/j.econlet.2010.05.024
PERMANENT LINK:
http://hdl.handle.net/11282/309971

Full metadata record

DC FieldValue Language
dc.contributor.authorSaini, Viplaven_US
dc.date.accessioned2013-12-23T16:22:17Zen
dc.date.available2013-12-23T16:22:17Zen
dc.date.issued2010-09en
dc.identifier.citationSaini, Viplav. 2010. "Reserve Prices In A Dynamic Auction When Bidders Are Capacity-constrained." Economics Letters 108(3): 303-306.en_US
dc.identifier.issn0165-1765en_US
dc.identifier.urihttp://hdl.handle.net/11282/309971en
dc.description.abstractAllowing for a reserve price in a dynamic auction with capacity-constrained bidders changes the equilibrium in an unexpected way. The distribution of winning bids contains a mass point; several bidder types “bunch” at the reserve price.en_US
dc.language.isoen_USen_US
dc.publisherElsevier Scienceen_US
dc.identifier.doi10.1016/j.econlet.2010.05.024en
dc.subject.departmentEconomicsen_US
dc.titleReserve Prices In A Dynamic Auction When Bidders Are Capacity-constraineden_US
dc.typearticleen_US
dc.identifier.journalEconomics Lettersen_US
dc.subject.keywordDynamic auctionen_US
dc.subject.keywordCapacity constrainten_US
dc.subject.keywordReserve priceen_US
dc.subject.keywordEconomicsen_US
dc.identifier.volume108en_US
dc.identifier.issue3en_US
dc.identifier.startpage303en_US
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