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

DOI10.1016/J.ECONLET.2017.04.022zbMath1396.91267OpenAlexW3122922108MaRDI QIDQ1673552

Christophe Spaenjers, Stefano Lovo

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

auctionsentryparticipation costsreserve pricesno-trade equilibria

Mathematics Subject Classification ID

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

Cites Work

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

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