On Some Myths about Sequenced Common-value Auctions
Equilibria are constructed for classes of game models of sequenced second-price auctions having identical common-valued objects In some of these the equilibrium price falls on average, and in others the seller loses on average by committing to announce publicly something that he knows. Both of these possibilities are surprises.
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|Date of creation:||Jun 1997|
|Date of revision:|
|Contact details of provider:|| Postal: Boston University, Industry Studies Program; Department of Economics, 270 Bay Road, Boston, Massachusetts 02215.|
Web page: http://www.bu.edu/econ/isp/
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"A Note on Sequential Auctions,"
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Game Theory and Information
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qt8n46v2wv, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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0060, Boston University - Industry Studies Programme.
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447R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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