Auctions with Downstream Interaction Among Buyers
AbstractWe study an auction whose outcome influences the future interaction among agents. The impact of that interaction on agent i is assumed to be a function of all agents' types (which are private information at the time of the auction). Explicit illustrations treat auctions of patents and takeover contests. We derive equilibria for second-price, sealed-bid auctions in which the seller sometimes keeps the object, and we point out the various effects caused by positive and negative impacts. We also study the effect of reserve prices and entry fees on the seller's revenue and on welfare.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by The RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 31 (2000)
Issue (Month): 4 (Winter)
Contact details of provider:
Web page: http://www.rje.org
Other versions of this item:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Philippe Jehiel, 1998. "Enchères et externalités," Économie et Prévision, Programme National Persée, vol. 132(1), pages 83-92.
- Friberg, Richard & Norbäck, Pehr-Johan & Persson, Lars, 2008. "Getting a Better Price: Strategic Behaviour before Changes in Ownership of Corporate Assets," Working Paper Series 777, Research Institute of Industrial Economics.
- Maarten Janssen & Vladimir A. Karamychev & Emiel Maasland, 2009. "Auctions with Flexible Entry Fees," Tinbergen Institute Discussion Papers 09-109/1, Tinbergen Institute.
- Alboth, Dirk & Lerner, Anat & Shalev, Jonathan, 2001.
" Profit Maximizing in Auctions of Public Goods,"
Journal of Public Economic Theory,
Association for Public Economic Theory, vol. 3(4), pages 501-25.
- ALBOTH, Dirk & LERNER, Anat & SHALEV, Jonathan, 1998. "Profit maximizing in auctions of public goods," CORE Discussion Papers 1998017, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Dirk Alboth & Anat Lerner & Jonathan Shalev, 1997. "Profit Maximizing in Auctions of Public Goods," Game Theory and Information 9707010, EconWPA, revised 01 Apr 1998.
- Peter Cramton, 2009.
"Innovation and Market Design,"
Innovation Policy and the Economy,
University of Chicago Press, vol. 9(1), pages 113 - 137.
- Scarpatetti, Benedikt von & Wasser, Cédric, 2010. "Signaling in Auctions among Competitors," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 293, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Peter Cramton & Andrzej Skrzypacz & Robert Wilson, 2007. "Revenues in the 700 MHz Spectrum Auction," Papers of Peter Cramton 07rev700, University of Maryland, Department of Economics - Peter Cramton, revised 2007.
- Volker Nocke & Peter EsoLucy White, 2007.
"Competition for Scarce Resources,"
Economics Series Working Papers
365, University of Oxford, Department of Economics.
- Ettinger, David, 2008. "Auctions and shareholdings," Economics Papers from University Paris Dauphine 123456789/5431, Paris Dauphine University.
- Damme, E.E.C. van & Börgers, T., 2003.
"Auction Theory for Auction Design,"
2003-002, Tilburg University, Tilburg Law and Economic Center.
- Author One David Harbord & Author Two Marco Ottaviani, 2002. "Contracts and Competition in the Pay-TV Market," Industrial Organization 0203005, EconWPA.
- Rasim Ozcan, 2004. "Sequential Auctions with Endogenously Determined Reserve Prices," Boston College Working Papers in Economics 592, Boston College Department of Economics.
- Ettinger, David, 2010. "Bidding among friends and enemies with symmetric information," Economics Papers from University Paris Dauphine 123456789/5447, Paris Dauphine University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.