Complements and substitutes in sequential auctions: the case of water auctions.
Abstract: We use data on sequential water auctions to estimate demand when units are complements or substitutes. A sequential English auction model determines the estimating structural equations. When units are complements, one bidder wins all units by paying a high price for the first unit, thus de...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 1; pp. 87 - 128 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Spring2018
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |