Why do bidders drop out from a sequential auction
Autor(a) principal: | |
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Data de Publicação: | 2001 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista Brasileira de Economia (Online) |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402001000100002 |
Resumo: | In actual sequential auctions, bidders typically incur a cost in continuing from one sale to the next, and they decide whether or not to continue. To investigate the question "why do bidders drop out'', this paper defines a sequential auction model with continuation costs and an endogenously determined number of bidders at each sale, and characterizes the equilibria in this model. Simple examples illustrate the effect of several possible changes to this model. |
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Why do bidders drop out from a sequential auctionsequential auctionsendogenous participationIn actual sequential auctions, bidders typically incur a cost in continuing from one sale to the next, and they decide whether or not to continue. To investigate the question "why do bidders drop out'', this paper defines a sequential auction model with continuation costs and an endogenously determined number of bidders at each sale, and characterizes the equilibria in this model. Simple examples illustrate the effect of several possible changes to this model.Fundação Getúlio Vargas2001-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402001000100002Revista Brasileira de Economia v.55 n.1 2001reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/S0034-71402001000100002info:eu-repo/semantics/openAccessEngelbrecht-Wiggans,RichardMenezes,Flavio M.eng2007-04-12T00:00:00Zoai:scielo:S0034-71402001000100002Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2007-04-12T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false |
dc.title.none.fl_str_mv |
Why do bidders drop out from a sequential auction |
title |
Why do bidders drop out from a sequential auction |
spellingShingle |
Why do bidders drop out from a sequential auction Engelbrecht-Wiggans,Richard sequential auctions endogenous participation |
title_short |
Why do bidders drop out from a sequential auction |
title_full |
Why do bidders drop out from a sequential auction |
title_fullStr |
Why do bidders drop out from a sequential auction |
title_full_unstemmed |
Why do bidders drop out from a sequential auction |
title_sort |
Why do bidders drop out from a sequential auction |
author |
Engelbrecht-Wiggans,Richard |
author_facet |
Engelbrecht-Wiggans,Richard Menezes,Flavio M. |
author_role |
author |
author2 |
Menezes,Flavio M. |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Engelbrecht-Wiggans,Richard Menezes,Flavio M. |
dc.subject.por.fl_str_mv |
sequential auctions endogenous participation |
topic |
sequential auctions endogenous participation |
description |
In actual sequential auctions, bidders typically incur a cost in continuing from one sale to the next, and they decide whether or not to continue. To investigate the question "why do bidders drop out'', this paper defines a sequential auction model with continuation costs and an endogenously determined number of bidders at each sale, and characterizes the equilibria in this model. Simple examples illustrate the effect of several possible changes to this model. |
publishDate |
2001 |
dc.date.none.fl_str_mv |
2001-03-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402001000100002 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402001000100002 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/S0034-71402001000100002 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Fundação Getúlio Vargas |
publisher.none.fl_str_mv |
Fundação Getúlio Vargas |
dc.source.none.fl_str_mv |
Revista Brasileira de Economia v.55 n.1 2001 reponame:Revista Brasileira de Economia (Online) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Revista Brasileira de Economia (Online) |
collection |
Revista Brasileira de Economia (Online) |
repository.name.fl_str_mv |
Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
||rbe@fgv.br |
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1754115904405241856 |