Why do bidders drop out from a sequential auction
In actual sequential auctions, 1) bidders typically incur a cost in continuing from one sale to the next, and 2) bidders decide whether or not to continue. To investigate the question 'why do bidders drop out,' we define a sequential auction model with continuation costs and an endogenousl...
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| Format: | article |
| Language: | eng |
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2008
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| Online Access: | http://hdl.handle.net/10438/377 |
| Country: | Brazil |
| Oai: | oai:bibliotecadigital.fgv.br:10438/377 |