Auctions with budget-constrained buyers: a nonequivalence result
AbstractAn analysis of the impact of binding budget constraints on the expected revenue generated by sealed-bid and oral auctions, showing that revenue is higher in the former case.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9402.
Date of creation: 1994
Date of revision:
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86-22, C.V. Starr Center for Applied Economics, New York University.
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