• Title of article

    Secondary markets in auctions with endogenous valuations

  • Author/Authors

    Lu?s Campos e Cunha، نويسنده , , Vasco Santos، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1995
  • Pages
    5
  • From page
    307
  • To page
    311
  • Abstract
    Introducing secondary markets in endogenous-valuations auctions can increase or decrease the sellerʹs revenue and affect the final allocation. Particularly, it restores Gilbert-Newberyʹs persistency result. Lastly, when auctioning licenses, the commodityʹs nature is also crucial for the auctionʹs outcome.
  • Journal title
    Economics Letters
  • Serial Year
    1995
  • Journal title
    Economics Letters
  • Record number

    433932

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=433932