Simultaneous Ooled Auctions
AbstractThis paper is organized as follows. Section 1 is an introduction. section we review the existing research on (sequential) pooled auctions. section 3m formalized our model of simultaneous ooled suctions while in the section 4 we derive the equilibrium bidding strategies. Section 5 contains the revenue comparison for the case of identical objects and the expected revenue in the case of perfectly correlated objects.
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Bibliographic InfoPaper provided by Australian National University - Department of Economics in its series Papers with number 302.
Length: 17 pages
Date of creation: 1996
Date of revision:
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Postal: THE AUSTRALIAN NATIONAL UNIVERSITY, DEPARTMENT OF ECONOMICS, RESEARCH SCHOOL of PACIFIC STUDIES, RESEARCH SCHOOL OF SOCIAL SCIENCES, G.P.O. 4, CANBERRA ACT 2601 AUSTRALIA..O. BOX 4 CANBERRA 2601 AUSTRALIA.
Web page: http://economics.anu.edu.au/economics.htm
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AUCTIONS; GAME THEORY;
Other versions of this item:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- D40 - Microeconomics - - Market Structure and Pricing - - - General
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- repec:att:wimass:9215 is not listed on IDEAS
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