Equilibria in second price auctions with participation costs

DOI10.1016/j.jet.2005.02.008zbMath1141.91410OpenAlexW3021532329MaRDI QIDQ854940

Guofu Tan, Okan Yilankaya

Publication date: 7 December 2006

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2005.02.008

zbMATH Keywords

second price auctionsmultiplicity of equilibriaentry feeparticipation cost

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (22)

Second-price auctions with sequential and costly participation ⋮ Self-enforced collusion through comparative cheap talk in simultaneous auctions with entry ⋮ Auctions with entry and resale ⋮ Optimal bidding in auctions from a game theory perspective ⋮ The impact of resale on entry in second price auctions ⋮ All equilibria of the multi-unit Vickrey auction ⋮ Ranking equilibrium competition in auctions with participation costs ⋮ No-trade in second-price auctions with entry costs and secret reserve prices ⋮ Second-price auctions with private entry costs ⋮ Auctions versus sequential mechanisms when resale is allowed ⋮ Equilibrium and welfare analysis in second-price auctions with resale and costly entry ⋮ Information disclosure in all-pay contests with costly entry ⋮ Equilibria in second-price auctions with private participation costs ⋮ What model for entry in first-price auctions? A nonparametric approach ⋮ Ratifiability of efficient collusive mechanisms in second-price auctions with participation costs ⋮ Informed entry in auctions ⋮ Internet auctions with a temporary buyout option ⋮ Equilibria in first price auctions with participation costs ⋮ The shill bidding effect versus the linkage principle ⋮ Intuitive and noncompetitive equilibria in weakly efficient auctions with entry costs ⋮ Why a simple second-price auction induces efficient endogenous entry ⋮ Effects of resale in second-price auctions with private participation costs

Cites Work

• Competitive bidding with entry costs
• Auctions with entry
• Entry and R{\&}D in procurement contracting
• Investment decisions under first and second price auctions
• All equilibria of the Vickrey auction.
• Participation costs and efficient auctions
• Optimal Auctions with Simultaneous and Costly Participation

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