Discrete Bids and Empirical Inference in Divisible Good Auctions.
I examine a model of a uniform price auction of a perfectly divisible good with private information in which the bidders submit discrete bidpoints rather than continuous downward sloping demand functions. I characterize necessary conditions for equilibrium bidding. The characterization reveals a clo...
| Publicado en: | Review of Economic Studies Vol. 78; no. 3; pp. 974 - 1015 |
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| Formato: | Artículo |
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Oxford University Press / UK
July 2011
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| Acceso en línea: | Ver este registro en EBSCOhost |