Why a simple second-price auction induces efficient endogenous entry

DOI10.1007/S11238-007-9092-9MaRDI QIDQ1025649zbMATH OpenOpenAlexFDO

Authors Jingfeng Lu

Publication date 19 June 2009

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11238-007-9092-9

zbMATH Keywords

Bayesian Nash equilibriumentry costsendogenous entryefficient auctionsecond price auction

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Noncooperative games (91A10) (n)-person games, (n>2) (91A06)

Recommendations

• Participation costs and efficient auctions
• Second-price auctions with private entry costs
• Auctions with endogenous entry
• Auctions with flexible entry fees: a note
• Auctions with selective entry

Cites work

• scientific article; zbMATH DE number 4035521 (Why is no real title available?)
• Auction design with opportunity cost
• Auctions with a stochastic number of bidders
• Competitive bidding with entry costs
• Entry and R{\&}D in procurement contracting
• Equilibria in second price auctions with participation costs
• Information Acquisition and Efficient Mechanism Design
• Information Acquisition in Auctions
• Mid-auction information acquisition
• Optimal auctions revisited
• Participation constraints in the Vickrey auction
• Participation costs and efficient auctions
• Rational Expectations, Information Acquisition, and Competitive Bidding

Cited in

(6)

• Auctions with flexible entry fees: a note
• Self-enforced collusion through comparative cheap talk in simultaneous auctions with entry
• Endogenous entry in auctions with negative externalities
• Entry coordination in auctions and social welfare: An experimental investigation
• Optimal bidding in auctions from a game theory perspective
• Intuitive and noncompetitive equilibria in weakly efficient auctions with entry costs

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