Title of article :
Sequential auctions with synergies: An example
Author/Authors :
Branco ، نويسنده , , Fernando ، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1997
Abstract :
An equilibrium in an example of a two unit sequential ascending price auction where some bidders have superadditive values is presented. The equilibrium is in pure strategies. In equilibrium the expected price declines from the first to the second auction
Keywords :
Declining price anomaly , Sequential Auctions
Journal title :
Economics Letters
Journal title :
Economics Letters