Optimal Auction with Resale.
This paper investigates the design of seller-optimal auctions when winning bidders can attempt to resell the good. In that case, the optimal allocation characterized by Myerson (1981) cannot be achieved without resale. I find a sufficient and necessary condition for sincere bidding given the possibi...
| Publicado en: | Econometrica Vol. 70; no. 6; pp. 2197 - 2225 |
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| Formato: | Artículo |
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Wiley-Blackwell
November 2002
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| Acceso en línea: | Ver este registro en EBSCOhost |