On the asymptotic distribution of the transaction price in a clock model of a multi-unit, oral, ascending-price auction within the common-value paradigm.
Using a clock model of a multi-unit, oral, ascending-price auction, within the common-value paradigm, we analyze the behavior of the transaction price as the numbers of bidders and units gets large in a particular way. We find that even though the transaction price is determined by a fraction of los...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 44; no. 4; pp. 664 - 686 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Winter2013
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |