Informed entry in auctions
We examine entry decisions in first-price and English clock auctions with participation costs. Potential bidders observe their value and report maximum willingness to pay (WTP) to participate. Entry occurs if revealed WTP (weakly) exceeds the randomly drawn participation cost. We find no difference...
| Autores Principales: | , , |
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| Formato: | Artículo (Article) |
| Lenguaje: | Inglés (English) |
| Publicado: |
Springer Verlag
2018
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| Materias: | |
| Acceso en línea: | https://repository.urosario.edu.co/handle/10336/24357 https://doi.org/10.1007/s00182-017-0583-9 |