No-trade in second-price auctions with entry costs and secret reserve prices

DOI10.1016/J.ECONLET.2017.04.022MaRDI QIDQ1673552zbMATH OpenOpenAlexFDO

Authors Stefano Lovo, Christophe Spaenjers

Publication date 12 September 2018

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2017.04.022

zbMATH Keywords

auctionsentryno-trade equilibriaparticipation costsreserve prices

Mathematics Subject Classification ID

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

Recommendations

• Second-price auctions with private entry costs
• Equilibrium and welfare analysis in second-price auctions with resale and costly entry
• Equilibria in second-price auctions with private participation costs
• Setting Reserve Prices in Second-Price Auctions with Unobserved Bids
• Equilibria in second price auctions with participation costs
• Second-price auctions with sequential and costly participation
• Second price auctions without expected utility
• Effects of resale in second-price auctions with private participation costs
• Axiomatizations of second price auctions with a reserve price
• Simultaneous 2nd price item auctions with no-underbidding

Cites work

• All equilibria of the Vickrey auction.
• Bidding off the wall: Why reserve prices may be kept secret
• Competitive bidding with entry costs
• Equilibria in second price auctions with participation costs
• Participation costs and efficient auctions

Cited in

(4)

• Equilibria in second-price auctions with private participation costs
• Strategic ignorance in a second-price auction
• Second-price auctions with private entry costs
• On the existence of equilibria with entry and trade in second-price auctions with a secret reserve price

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