English   español  
Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/58236
logo share SHARE logo core CORE   Add this article to your Mendeley library MendeleyBASE

Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL
Exportar a otros formatos:


Reserve prices without commitment

AuthorsBurguet, Roberto ; Sákovics, József
Issue Date1996
CitationGames and Economic Behavior 15(2): 149-164 (1996)
AbstractWhen potential bidders in an auction have to incur a cost to prepare their bids and thus to learn their valuations, imposing a reserve price and announcing that in case no bid is submitted there will be another auction without a reserve price is both revenue and welfare improving. Reserve prices that induce less than maximum entry in the first auction may be optimal. Also, entry fees are not necessarily better instruments than reserve prices. Journal of Economic Literature Classification Number: D44. © 1996 Academic Press, Inc.
Identifiersdoi: 10.1006/game.1996.0063
issn: 0899-8256
Appears in Collections:(IAE) Artículos
Files in This Item:
File Description SizeFormat 
accesoRestringido.pdf15,38 kBAdobe PDFThumbnail
Show full item record
Review this work

Related articles:

WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.