Sequential auction and auction design
Often an auction designer has the option of selling, or purchasing, those lots available in one auction or a sequence of auctions. In addition, bidder opportunities will not be static, in part due to arrival of information, but also because bidders can face deadlines for making decisions. This paper examines the optimal decision about how to divide what is available over time.
|Date of creation:||04 Nov 2010|
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Online economics textbooks,
SUNY-Oswego, Department of Economics, number auction1.
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