Revenue and efficiency effects of resale in first-price auctions

DOI10.1016/J.JMATECO.2008.04.004zbMATH Open1195.91055OpenAlexW2109448922MaRDI QIDQ1039728FDOQ1039728

Authors: 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

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zbMATH Keywords

auctionsasymmetriesresale

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (29)

• Effects of competition in first-price auctions
• Auctions with entry and resale
• Efficiency in asymmetric auctions with endogenous reserve prices
• Asymmetric wheat auctions with resale and partially divisible bidding objects
• The scope of auctions in the presence of downstream interactions and information externalities
• Title not available (Why is that?)
• Resale and rent-seeking: an application to ticket markets
• Unraveling of value-rankings in auctions with resale
• The impact of resale on entry in second price auctions
• Auctions with resale and risk aversion
• Can resale harm the original seller in a second-price auction?
• Asymmetric first-price auctions with uniform distributions: analytic solutions to the general case
• Resale Markets and the Assignment of Property Rights
• Optimal bidding in auctions from a game theory perspective
• Auctions with resale: reserve prices and revenues
• Multi-object auctions with resale: theory and experiment
• Asymmetric auctions with resale: an experimental study
• Asymmetric common-value auctions with applications to private-value auctions with resale
• Equilibrium and welfare analysis in second-price auctions with resale and costly entry
• Exclusive versus non-exclusive dealing in auctions with resale
• Auctions with private uncertainty and resale opportunities.
• Auctions with resale at a later date
• Effects of resale in second-price auctions with private participation costs
• On the existence of monotone pure-strategy perfect Bayesian equilibrium in games with complementarities
• Revenue ranking of first-price auctions with resale
• First-price auctions with resale: the case of many bidders
• First price auctions with resale
• Auctions with synergy and resale
• Auctions with resale and bargaining power

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