On some myths about sequenced common-value auctions
On some myths about sequenced common-value auctions
复制标题
关于有序共同价值拍卖的一些神话
DOI:
10.1006/game.1997.0628
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发表时间:
1998
影响因子:
1.1
通讯作者:
R. Rosenthal
中科院分区:
文献类型:
--
作者:
M. D. Frutos;R. Rosenthal
Equilibria are constructed for classes of game models of sequenced second-price auctions having identical common-valued objects In some of these the equilibrium price falls on average, and in others the seller loses on average by committing to announce publicly something that he knows. Both of these possibilities are surprises.