Why do bidders drop out from a sequential auction
Autor(a) principal: | |
---|---|
Data de Publicação: | 2000 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/377 |
Resumo: | In actual sequential auctions, 1) bidders typically incur a cost in continuing from one sale to the next, and 2) bidders decide whether or not to continue. To investigate the question 'why do bidders drop out,' we define a sequential auction model with continuation costs and an endogenously determined number of bidders at each sale, and we characterize the equilibria in this model. Simple examples illustrate the effect of several possible changes to this model. |
id |
FGV_309cfc0933f5e1d55ae384bfbd6361fc |
---|---|
oai_identifier_str |
oai:repositorio.fgv.br:10438/377 |
network_acronym_str |
FGV |
network_name_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
repository_id_str |
3974 |
spelling |
Menezes, Flavio MarquesEngelbrecht-Wiggans, RichardEscolas::EPGEFGV2008-05-13T15:23:10Z2010-09-23T18:57:53Z2008-05-13T15:23:10Z2010-09-23T18:57:53Z2000-01-260104-8910http://hdl.handle.net/10438/377In actual sequential auctions, 1) bidders typically incur a cost in continuing from one sale to the next, and 2) bidders decide whether or not to continue. To investigate the question 'why do bidders drop out,' we define a sequential auction model with continuation costs and an endogenously determined number of bidders at each sale, and we characterize the equilibria in this model. Simple examples illustrate the effect of several possible changes to this model.engFundação Getulio Vargas. Escola de Pós-graduação em EconomiaEnsaios Econômicos;364Sequential auctionsEndogenous participationEconomiaEconomiaLeilõesWhy do bidders drop out from a sequential auctioninfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAIL1214.pdf.jpg1214.pdf.jpgGenerated Thumbnailimage/jpeg4214https://repositorio.fgv.br/bitstreams/55a948e9-8552-424d-a291-85026cab0bef/download8256c3533edf165fd9dbb05b91047e12MD58ORIGINAL1214.pdfapplication/pdf169820https://repositorio.fgv.br/bitstreams/f229c7d6-aa63-46af-9cf4-ff0887f7333b/downloadc2ec66f8c034576465cee17d55efde16MD52TEXT1214.pdf.txt1214.pdf.txtExtracted texttext/plain41219https://repositorio.fgv.br/bitstreams/dee63859-03c9-44a5-b202-595f2c4cc627/download1c93105b5ab7b0da6cce88e212a4a02eMD5710438/3772023-11-09 20:12:37.564open.accessoai:repositorio.fgv.br:10438/377https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T20:12:37Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.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 Menezes, Flavio Marques Sequential auctions Endogenous participation Economia Economia Leilões |
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 |
Menezes, Flavio Marques |
author_facet |
Menezes, Flavio Marques Engelbrecht-Wiggans, Richard |
author_role |
author |
author2 |
Engelbrecht-Wiggans, Richard |
author2_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Menezes, Flavio Marques Engelbrecht-Wiggans, Richard |
dc.subject.por.fl_str_mv |
Sequential auctions Endogenous participation |
topic |
Sequential auctions Endogenous participation Economia Economia Leilões |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia Leilões |
description |
In actual sequential auctions, 1) bidders typically incur a cost in continuing from one sale to the next, and 2) bidders decide whether or not to continue. To investigate the question 'why do bidders drop out,' we define a sequential auction model with continuation costs and an endogenously determined number of bidders at each sale, and we characterize the equilibria in this model. Simple examples illustrate the effect of several possible changes to this model. |
publishDate |
2000 |
dc.date.issued.fl_str_mv |
2000-01-26 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:23:10Z 2010-09-23T18:57:53Z |
dc.date.available.fl_str_mv |
2008-05-13T15:23:10Z 2010-09-23T18:57:53Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/377 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/377 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;364 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
publisher.none.fl_str_mv |
Fundação Getulio Vargas. Escola de Pós-graduação em Economia |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
collection |
Repositório Institucional do FGV (FGV Repositório Digital) |
bitstream.url.fl_str_mv |
https://repositorio.fgv.br/bitstreams/55a948e9-8552-424d-a291-85026cab0bef/download https://repositorio.fgv.br/bitstreams/f229c7d6-aa63-46af-9cf4-ff0887f7333b/download https://repositorio.fgv.br/bitstreams/dee63859-03c9-44a5-b202-595f2c4cc627/download |
bitstream.checksum.fl_str_mv |
8256c3533edf165fd9dbb05b91047e12 c2ec66f8c034576465cee17d55efde16 1c93105b5ab7b0da6cce88e212a4a02e |
bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 |
repository.name.fl_str_mv |
Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
|
_version_ |
1813797686148595712 |