"Upping the ante": How to design efficient auctions with entry?
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00564888
Download full text from publisher
References listed on IDEAS
- Cremer, Jacques & Spiegel, Yossi & Zheng, Charles Zhoucheng, 2007.
"Optimal search auctions,"
Journal of Economic Theory, Elsevier, vol. 134(1), pages 226-248, May.
- Charles Zhoucheng Zheng & Jacques Cremer & Yossef Spiegel, 2004. "Optimal search auctions," Econometric Society 2004 North American Summer Meetings 615, Econometric Society.
- Crémer, Jacques & Spiegel, Yossi & Zheng, Charles Z., 2005. "Optimal Search Auctions," IDEI Working Papers 293, Institut d'Économie Industrielle (IDEI), Toulouse.
- Crémer, Jacques & Spiegel, Yossi & Zheng, Charles Zhoucheng, 2007. "Optimal Search Auctions," Staff General Research Papers Archive 12662, Iowa State University, Department of Economics.
- Jacques Cremer & Yossi Spiegel & Charles Z. Zheng, 2005. "Optimal Search Auctions," Discussion Papers 1421, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Fudenberg, Drew & Levine, David, 1998.
"Learning in games,"
European Economic Review, Elsevier, vol. 42(3-5), pages 631-639, May.
- Drew Fudenberg & David K. Levine, 1998. "Learning in Games," Levine's Working Paper Archive 2222, David K. Levine.
- Roger B. Myerson, 1981.
"Optimal Auction Design,"
Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
- Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jennifer Brown & John Morgan, 2009.
"How Much Is a Dollar Worth? Tipping versus Equilibrium Coexistence on Competing Online Auction Sites,"
Journal of Political Economy, University of Chicago Press, vol. 117(4), pages 668-700, August.
- Brown, Jennifer & Morgan, John, 2006. "How much is a Dollar Worth? Tipping versus Equilibrium Coexistence on Competing Online Auction Sites," Competition Policy Center, Working Paper Series qt3c21w91h, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Lamy, Laurent, 2009.
"The Shill Bidding Effect versus the Linkage Principle,"
Journal of Economic Theory, Elsevier, vol. 144(1), pages 390-413, January.
- Laurent Lamy, 2005. "The 'Shill Bidding Effect' Versus the 'Linkage Principle'," Working Papers 2005-35, Center for Research in Economics and Statistics.
- Laurent Lamy, 2009. "The Shill Bidding Effect versus the Linkage Principle," Post-Print halshs-00754404, HAL.
- Patrick Bajari & Ali Hortaçsu, 2004. "Economic Insights from Internet Auctions," Journal of Economic Literature, American Economic Association, vol. 42(2), pages 457-486, June.
- Ashenfelter, Orley, 1989. "How Auctions Work for Wine and Art," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 23-36, Summer.
- David H. Reiley, 2006.
"Field experiments on the effects of reserve prices in auctions: more Magic on the Internet,"
RAND Journal of Economics, RAND Corporation, vol. 37(1), pages 195-211, March.
- David Lucking-Reiley, 2000. "Field experiments on the effects of reserve prices in auctions: More magic on the internet," Framed Field Experiments 00184, The Field Experiments Website.
- Porter, Robert H & Zona, J Douglas, 1993.
"Detection of Bid Rigging in Procurement Auctions,"
Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 518-538, June.
- Robert H. Porter & J. Douglas Zona, 1992. "Detection of Bid Rigging in Procurement Auctions," NBER Working Papers 4013, National Bureau of Economic Research, Inc.
- Giuseppe Lopomo, 2004. "Optimality and Robustness of the English Auction," Levine's Bibliography 122247000000000391, UCLA Department of Economics.
- Johannes Hörner & Nicolas Sahuguet, 2007. "Costly Signalling in Auctions -super-1," Review of Economic Studies, Oxford University Press, vol. 74(1), pages 173-206.
- Ruqu Wang & Emin Murat Dinlersoz & Parimal Kanti Bag, 2000.
"More on phantom bidding,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(3), pages 701-707.
- Parimal Kanti Bag & Emim Murat Dinlersoz & Ruqu Wang, 1998. "More On Phantom Bidding," Working Paper 976, Economics Department, Queen's University.
- Krishna, Vijay, 2009.
"Auction Theory,"
Elsevier Monographs,
Elsevier,
edition 2, number 9780123745071.
- Krishna, Vijay, 2002. "Auction Theory," Elsevier Monographs, Elsevier, edition 1, number 9780124262973.
- Shi, Xianwen, 2012.
"Optimal auctions with information acquisition,"
Games and Economic Behavior, Elsevier, vol. 74(2), pages 666-686.
- Xianwen Shi, 2007. "Optimal Auctions with Information Acquisition," Working Papers tecipa-302, University of Toronto, Department of Economics.
- Riley, John G & Samuelson, William F, 1981.
"Optimal Auctions,"
American Economic Review, American Economic Association, vol. 71(3), pages 381-392, June.
- John G. Riley & William Samuelson, 1979. "Optimal Auctions," UCLA Economics Working Papers 152, UCLA Department of Economics.
- Michael J. Fishman, 1988. "A Theory of Preemptive Takeover Bidding," RAND Journal of Economics, The RAND Corporation, vol. 19(1), pages 88-101, Spring.
- Leandro Arozamena & Estelle Cantillon, 2004.
"Investment Incentives in Procurement Auctions,"
Review of Economic Studies, Oxford University Press, vol. 71(1), pages 1-18.
- Leandro Arozamena & Estelle Cantillon, 2000. "Investment Incentives in Procurement Auctions," Cowles Foundation Discussion Papers 1276, Cowles Foundation for Research in Economics, Yale University.
- Leandro Arozamena & Estelle Cantillon, 2004. "Investment incentives in procurement auctions," ULB Institutional Repository 2013/9005, ULB -- Universite Libre de Bruxelles.
- Arozamena, Leandro & Cantillon, Estelle, 2001. "Investment Incentives in Procurement Auctions," CEPR Discussion Papers 2676, C.E.P.R. Discussion Papers.
- Drew Fudenberg & David K. Levine, 1998.
"The Theory of Learning in Games,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262061945, December.
- Drew Fudenberg & David K. Levine, 1996. "The Theory of Learning in Games," Levine's Working Paper Archive 624, David K. Levine.
- Horstmann, Ignatius J & LaCasse, Chantale, 1997.
"Secret Reserve Prices in a Bidding Model with a Resale Option,"
American Economic Review, American Economic Association, vol. 87(4), pages 663-684, September.
- Horstmann, I.J. & LaCasse, C., 1995. "Secret Reserve Prices in a Bidding Model with a Re-Sale Option," Working Papers 9507e, University of Ottawa, Department of Economics.
- Lucking-Reiley, David, 2000. "Auctions on the Internet: What's Being Auctioned, and How?," Journal of Industrial Economics, Wiley Blackwell, vol. 48(3), pages 227-252, September.
- Maskin, Eric S & Riley, John G, 1984.
"Optimal Auctions with Risk Averse Buyers,"
Econometrica, Econometric Society, vol. 52(6), pages 1473-1518, November.
- J. Riley & E. Maskin, 1981. "Optimal Auctions with Risk Averse Buyers," Working papers 311, Massachusetts Institute of Technology (MIT), Department of Economics.
- Weitzman, Martin L, 1979.
"Optimal Search for the Best Alternative,"
Econometrica, Econometric Society, vol. 47(3), pages 641-654, May.
- M. L. Weitzman, 1978. "Optimal Search for the Best Alternative," Working papers 214, Massachusetts Institute of Technology (MIT), Department of Economics.
- Milgrom,Paul, 2004.
"Putting Auction Theory to Work,"
Cambridge Books,
Cambridge University Press, number 9780521536721, December.
- Milgrom,Paul, 2004. "Putting Auction Theory to Work," Cambridge Books, Cambridge University Press, number 9780521551847, December.
- Levin, Dan & Smith, James L, 1996. "Optimal Reservation Prices in Auctions," Economic Journal, Royal Economic Society, vol. 106(438), pages 1271-1283, September.
- Orley Ashenfelter & Kathryn Graddy, 2003.
"Auctions and the Price of Art,"
Journal of Economic Literature, American Economic Association, vol. 41(3), pages 763-787, September.
- Kathryn Graddy & Orley Ashenfelter & Princeton University and NBER, 2002. "Auctions and the Price of Art," Economics Series Working Papers 131, University of Oxford, Department of Economics.
- Lopomo, Giuseppe, 2001.
"Optimality and Robustness of the English Auction,"
Games and Economic Behavior, Elsevier, vol. 36(2), pages 219-240, August.
- Giuseppe Lopomo, 1995. "Optimality and Robustness of the English Auction," Working Papers 95-03, New York University, Leonard N. Stern School of Business, Department of Economics.
- Levin, Dan & Smith, James L, 1994. "Equilibrium in Auctions with Entry," American Economic Review, American Economic Association, vol. 84(3), pages 585-599, June.
- Graham, Daniel A. & Marshall, Robert C. & Richard, Jean-Francois, 1990. "Phantom bidding against heterogeneous bidders," Economics Letters, Elsevier, vol. 32(1), pages 13-17, January.
- McAfee, R Preston & Reny, Philip J, 1992. "Correlated Information and Mechanism Design," Econometrica, Econometric Society, vol. 60(2), pages 395-421, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lamy, Laurent, 2012.
"The econometrics of auctions with asymmetric anonymous bidders,"
Journal of Econometrics, Elsevier, vol. 167(1), pages 113-132.
- Laurent Lamy, 2007. "The Econometrics of Auctions with Asymmetric Anonymous Bidders," Working Papers 2007-24, Center for Research in Economics and Statistics.
- Laurent Lamy, 2008. "The econometrics of auctions with asymmetric anonymous bidders," PSE Working Papers halshs-00586039, HAL.
- Laurent Lamy, 2012. "The Econometrics of Auctions with asymmetric anonymous bidders," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-00754606, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Laurent Lamy, 2013.
"“Upping the ante”: how to design efficient auctions with entry?,"
RAND Journal of Economics, RAND Corporation, vol. 44(2), pages 194-214, June.
- Laurent Lamy, 2010. ""Upping the ante": How to design efficient auctions with entry?," PSE Working Papers halshs-00564888, HAL.
- Laurent Lamy, 2013. ""Upping the ante": how to design efficient auctions with entry?," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-00840844, HAL.
- Axel Ockenfels & David Reiley & Abdolkarim Sadrieh, 2006. "Online Auctions," NBER Working Papers 12785, National Bureau of Economic Research, Inc.
- Jeremy Bulow & Paul Klemperer, 2009.
"Why Do Sellers (Usually) Prefer Auctions?,"
American Economic Review, American Economic Association, vol. 99(4), pages 1544-1575, September.
- Bulow, Jeremy I. & Klemperer, Paul, 2009. "Why Do Sellers (Usually) Prefer Auctions?," CEPR Discussion Papers 7411, C.E.P.R. Discussion Papers.
- Jeremy Bulow & Paul Klemperer, 2009. "Why Do Sellers (Usually) Prefer Auctions?," Economics Papers 2009-W05, Economics Group, Nuffield College, University of Oxford.
- Englmaier, Florian & Schmöller, Arno, 2010. "Determinants and Effects of Reserve Prices in Hattrick Auctions," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 326, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Stowasser, Till & Englmaier, Stowasser & Schmöller, Arno, 2016. "Determinants and Effects of Reserve Prices in Auctions," VfS Annual Conference 2016 (Augsburg): Demographic Change 145540, Verein für Socialpolitik / German Economic Association.
- Lorentziadis, Panos L., 2016. "Optimal bidding in auctions from a game theory perspective," European Journal of Operational Research, Elsevier, vol. 248(2), pages 347-371.
- Bulow, Jeremy I. & Klemperer, Paul D., 2007.
"When Are Auctions Best?,"
Research Papers
1973, Stanford University, Graduate School of Business.
- Bulow, Jeremy I. & Klemperer, Paul, 2007. "When are Auctions Best?," CEPR Discussion Papers 6393, C.E.P.R. Discussion Papers.
- Jeremy I. Bulow & Paul D. Klemperer, 2007. "When are Auctions Best?," NBER Working Papers 13268, National Bureau of Economic Research, Inc.
- Jeremy Bulow & Paul Klemperer, 2007. "When are Auctions Best?," Economics Papers 2007-W03, Economics Group, Nuffield College, University of Oxford.
- Syngjoo Choi & Lars Nesheim & Imran Rasul, 2016. "Reserve Price Effects In Auctions: Estimates From Multiple Regression-Discontinuity Designs," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 294-314, January.
- Simon Grant & Atsushi Kajii & Flavio Menezes & Matthew J. Ryan, 2006.
"Auctions with options to re‐auction,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 2(1), pages 17-39, March.
- Grant, S. & Kajii, A. & Menezes, F. & Ryan, M., 2002. "Auctions with Options to Re-auction," Discussion Paper 2002-55, Tilburg University, Center for Economic Research.
- Grant, Simon & Kajii, Atsushi & Menezes, Flavio & Ryan, Matthew, 2003. "Auctions with Options to Re-auction," Working Papers 2003-15, Rice University, Department of Economics.
- Grant, S. & Kajii, A. & Menezes, F. & Ryan, M., 2002. "Auctions with Options to Re-auction," Other publications TiSEM 78aa0364-9221-4f88-963d-d, Tilburg University, School of Economics and Management.
- Kaplan, Todd R. & Zamir, Shmuel, 2015.
"Advances in Auctions,"
Handbook of Game Theory with Economic Applications,,
Elsevier.
- Todd R. Kaplan & Shmuel Zamir, 2014. "Advances in Auctions," Discussion Papers 1405, University of Exeter, Department of Economics.
- Kaplan, Todd R & Zamir, Shmuel, 2014. "Advances in Auctions," MPRA Paper 54656, University Library of Munich, Germany.
- Todd R. Kaplan & Shmuel Zamir, 2014. "Advances in Auctions," Discussion Paper Series dp662, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
- Philippe Jehiel & Laurent Lamy, 2015.
"On absolute auctions and secret reserve prices,"
RAND Journal of Economics, RAND Corporation, vol. 46(2), pages 241-270, June.
- Jehiel, Philippe & Lamy, Laurent, 2014. "On absolute auctions and secret reserve prices," CEPR Discussion Papers 9791, C.E.P.R. Discussion Papers.
- Philippe Jehiel & Laurent Lamy, 2015. "On absolute auctions and secret reserve prices," PSE-Ecole d'économie de Paris (Postprint) halshs-01155875, HAL.
- Philippe Jehiel & Laurent Lamy, 2015. "On absolute auctions and secret reserve prices," PSE - Labex "OSE-Ouvrir la Science Economique" halshs-01155875, HAL.
- Philippe Jehiel & Laurent Lamy, 2015. "On absolute auctions and secret reserve prices," Post-Print halshs-01155875, HAL.
- Philippe Jehiel & Laurent Lamy, 2020.
"On the Benefits of Set-Asides,"
Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1655-1696.
- Laurent Lamy & Philippe Jehiel, 2016. "On the benefits of set-asides," Post-Print hal-01688237, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," Working Papers halshs-01557657, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," CIRED Working Papers halshs-01557657, HAL.
- Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," Post-Print halshs-03229982, HAL.
- Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," PSE-Ecole d'économie de Paris (Postprint) halshs-03229982, HAL.
- Jehiel, Philippe & Lamy, Laurent, 2016. "On the benefits of set-asides," CEPR Discussion Papers 11564, C.E.P.R. Discussion Papers.
- Laurent Lamy & Philippe Jehiel, 2017. "On the benefits of set-asides," Post-Print hal-01688261, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," PSE Working Papers halshs-01557657, HAL.
- Laurent Lamy & Philippe Jehiel, 2016. "On the benefits of set-asides," Post-Print hal-01688231, HAL.
- Ivanova-Stenzel, Radosveta & Salmon, Timothy C., 2008.
"Revenue equivalence revisited,"
Games and Economic Behavior, Elsevier, vol. 64(1), pages 171-192, September.
- Ivanova-Stenzel, Radosveta & Salmon, Timothy C., 2006. "Revenue Equivalence Revisited," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 175, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Philippe Jehiel & Laurent Lamy, 2020.
"On the Benefits of Set-Asides,"
Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1655-1696.
- Laurent Lamy & Philippe Jehiel, 2016. "On the benefits of set-asides," Post-Print hal-01688231, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," CIRED Working Papers halshs-01557657, HAL.
- Laurent Lamy & Philippe Jehiel, 2016. "On the benefits of set-asides," Post-Print hal-01688237, HAL.
- Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," Post-Print halshs-03229982, HAL.
- Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," PSE-Ecole d'économie de Paris (Postprint) halshs-03229982, HAL.
- Jehiel, Philippe & Lamy, Laurent, 2016. "On the benefits of set-asides," CEPR Discussion Papers 11564, C.E.P.R. Discussion Papers.
- Laurent Lamy & Philippe Jehiel, 2017. "On the benefits of set-asides," Post-Print hal-01688261, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," PSE Working Papers halshs-01557657, HAL.
- Philippe Jehiel & Laurent Lamy, 2017. "On the benefits of set-asides," Working Papers halshs-01557657, HAL.
- Lamy, Laurent, 2009.
"The Shill Bidding Effect versus the Linkage Principle,"
Journal of Economic Theory, Elsevier, vol. 144(1), pages 390-413, January.
- Laurent Lamy, 2005. "The 'Shill Bidding Effect' Versus the 'Linkage Principle'," Working Papers 2005-35, Center for Research in Economics and Statistics.
- Laurent Lamy, 2009. "The Shill Bidding Effect versus the Linkage Principle," Post-Print halshs-00754404, HAL.
- Ricardo Gonçalves, 2013. "Empirical Evidence on the Impact of Reserve Prices in E nglish Auctions," Journal of Industrial Economics, Wiley Blackwell, vol. 61(1), pages 202-242, March.
- Schmöller, Arno, 2010. "Bidding Behavior, Seller Strategies, and the Utilization of Information in Auctions for Complex Goods," Munich Dissertations in Economics 11175, University of Munich, Department of Economics.
- Kevin Hasker & Robin Sickles, 2010. "eBay in the Economic Literature: Analysis of an Auction Marketplace," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 37(1), pages 3-42, August.
- Malueg, David A. & Orzach, Ram, 2009. "Revenue comparison in common-value auctions: Two examples," Economics Letters, Elsevier, vol. 105(2), pages 177-180, November.
- Hu, Audrey & Offerman, Theo & Zou, Liang, 2011. "Premium auctions and risk preferences," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2420-2439.
More about this item
Keywords
auctions; auctions with entry; shill bidding; commitment failure; hold-up; posted-price; cancelation rights; jump bids; bilateral asymmetric information;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:halshs-00564888. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://hal.archives-ouvertes.fr/ .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.