Creating a winner's curse via jump bids

DOI10.1007/S10058-016-0187-ZMaRDI QIDQ339915zbMATH OpenOpenAlexFDO

Authors David Ettinger, Fabio Michelucci

Publication date 11 November 2016

Published in Review of Economic Design (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10058-016-0187-z

zbMATH Keywords

efficiencyauctionsjump bidswinner's curse

Mathematics Subject Classification ID

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

Recommendations

• High bids and broke winners
• Withdrawable Bids as Winner's Curse Insurance
• Jump bidding in takeover auctions
• Jump bidding in ascending auctions: the case of takeover contests
• Jump bidding strategies in internet auctions
• Countering the winner's curse: optimal auction design in a common value model
• Strategic Jump Bidding in English Auctions
• scientific article; zbMATH DE number 1440072
• Matching auction with winner's curse and imperfect financial markets
• Bidding frictions in ascending auctions

Cites work

• Costly Signalling in Auctions
• Jump bidding strategies in internet auctions
• Strategic Jump Bidding in English Auctions

Cited in

(8)

• Strategic Jump Bidding in English Auctions
• Withdrawable Bids as Winner's Curse Insurance
• More on phantom bidding
• Jump bidding and overconcentration in decentralized simultaneous ascending auctions
• Winner's curse in toll road concessions
• Costly Signalling in Auctions
• Revenue implications of choosing discrete bid levels in a Japanese-English auction
• Jump bidding in takeover auctions

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