Auctions with private uncertainty and resale opportunities. (Q1810427): Difference between revisions
From MaRDI portal
Created a new Item |
Added link to MaRDI item. |
||
links / mardi / name | links / mardi / name | ||
Revision as of 10:23, 1 February 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Auctions with private uncertainty and resale opportunities. |
scientific article |
Statements
Auctions with private uncertainty and resale opportunities. (English)
0 references
9 June 2003
0 references
The paper considers the case of auctions followed by an opportunity for resale where the bidder valuations are endogenously determined, reflecting anticipated profit from buying/selling in the resale market. To this end, it considers a two-stage model in which an auction in the first stage is followed by a resale auction, held by the first-stage winner. It also examines two cases, the case where resale takes place under complete information, and the case where the players have asymmetric information in the resale market.
0 references
valuation
0 references
market models
0 references