The purpose of this paper is to analyse the impact of supply uncertainty on the formation of prices and on the seller's expected revenue in sequential first- and second-price sealed bid auctions.
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Paper provided by New South Wales - School of Economics in its series Papers with number
96/15.
Length: 28 pages Date of creation: 1996 Date of revision: Handle: RePEc:fth:nesowa:96/15
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Find related papers by JEL classification: D40 - Microeconomics - - Market Structure and Pricing - - - General D44 - Microeconomics - - Market Structure and Pricing - - - Auctions D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information
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