Why do bidders drop out from a sequential auction

Detalhes bibliográficos
Autor(a) principal: Engelbrecht-Wiggans,Richard
Data de Publicação: 2001
Outros Autores: Menezes,Flavio M.
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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spelling 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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