Equilibria in second price auctions with participation costs

DOI10.1016/J.JET.2005.02.008MaRDI QIDQ854940zbMATH OpenOpenAlexFDO

Authors Guofu Tan, Okan Yilankaya

Publication date 7 December 2006

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2005.02.008

zbMATH Keywords

second price auctionsmultiplicity of equilibriaentry feeparticipation cost

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Special types of economic equilibria (91B52)

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Cites work

• All equilibria of the Vickrey auction.
• Auctions with entry
• Competitive bidding with entry costs
• Entry and R{\&}D in procurement contracting
• Investment decisions under first and second price auctions
• Optimal auctions with simultaneous and costly participation
• Participation costs and efficient auctions

Cited in

(37)

• Endogenous entry in lowest-unique sealed-bid auctions
• Auctions with entry and resale
• Internet auctions with a temporary buyout option
• Second-price auctions with information acquisition costs
• Ratifiability of efficient collusive mechanisms in second-price auctions with participation costs
• Intuitive and noncompetitive equilibria in weakly efficient auctions with entry costs
• Informed entry in auctions
• Some further results on the winner's rent in the second-price business auction
• Signaling through entry in auctions with sequential and costly participation
• Participation constraints in first-price auctions
• Ranking equilibrium competition in auctions with participation costs
• Information disclosure in all-pay contests with costly entry
• The role of the second prize in all-pay auctions with two heterogeneous prizes
• On second-price auctions and imperfect competition.
• First-price auctions with unobservable entry
• Implementation in Weakly Undominated Strategies: Optimality of Second-Price Auction and Posted-Price Mechanism: Figure 1
• Second-Price All-Pay Auctions and Best-Reply Matching Equilibria
• The impact of resale on entry in second price auctions
• Second-price auctions with sequential and costly participation
• All equilibria of the multi-unit Vickrey auction
• Participation constraints in the Vickrey auction
• Optimal bidding in auctions from a game theory perspective
• Self-enforced collusion through comparative cheap talk in simultaneous auctions with entry
• Which equilibrium yields the highest expected revenue in second-price sealed-bid auctions?
• Equilibria in first price auctions with participation costs
• Identification of incomplete information allocation-transfer games in monotone equilibrium
• Second-price auctions with private entry costs
• Equilibrium and welfare analysis in second-price auctions with resale and costly entry
• No-trade in second-price auctions with entry costs and secret reserve prices
• Auctions versus sequential mechanisms when resale is allowed
• The shill bidding effect versus the linkage principle
• Why a simple second-price auction induces efficient endogenous entry
• Equilibria in second-price auctions with private participation costs
• Optimal auctions with simultaneous and costly participation
• Effects of resale in second-price auctions with private participation costs
• What model for entry in first-price auctions? A nonparametric approach
• Participation in auctions

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