Revenue and efficiency effects of resale in first-price auctions

DOI10.1016/J.JMATECO.2008.04.004zbMath1195.91055OpenAlexW2109448922MaRDI QIDQ1039728

Vijay Krishna, Isa E. Hafalir

Publication date: 23 November 2009

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2008.04.004

zbMATH Keywords

auctionsresaleasymmetries

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (16)

The scope of auctions in the presence of downstream interactions and information externalities ⋮ Auctions with entry and resale ⋮ Optimal bidding in auctions from a game theory perspective ⋮ Auctions with resale: reserve prices and revenues ⋮ Auctions with resale and risk aversion ⋮ On the existence of monotone pure-strategy perfect Bayesian equilibrium in games with complementarities ⋮ Equilibrium and welfare analysis in second-price auctions with resale and costly entry ⋮ First-price auctions with resale: the case of many bidders ⋮ Asymmetric auctions with resale: an experimental study ⋮ Auctions with synergy and resale ⋮ Asymmetric first-price auctions with uniform distributions: analytic solutions to the general case ⋮ Auctions with resale and bargaining power ⋮ Asymmetric wheat auctions with resale and partially divisible bidding objects ⋮ Asymmetric common-value auctions with applications to private-value auctions with resale ⋮ Can resale harm the original seller in a second-price auction? ⋮ Effects of resale in second-price auctions with private participation costs

Cites Work

• Ranking sealed high-bid and open asymmetric auctions
• Characterization and computation of Nash-equilibria for auctions with incomplete information
• Numerical analysis of asymmetric first price auctions
• Uniqueness of equilibrium in sealed high-bid auctions.
• Auctions with private uncertainty and resale opportunities.
• First price auctions with resale
• The effect of bidders' asymmetries on expected revenue in auctions
• Speculation in Standard Auctions with Resale
• Optimal Auction Design
• Asymmetric Auctions
• Single Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information
• Optimal Auction with Resale
• Toward a study of bidding processes part IV ‐ games with unknown costs

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