Title of article
Adjustable supply in uniform price auctions: Non-commitment as a strategic tool
Author/Authors
David McAdams، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
6
From page
48
To page
53
Abstract
In some uniform-price auctions, the auctioneer decides how much to sell after the bidding. Auctioneer expected profit and social welfare can each be strictly higher in all equilibria given such “adjustable supply” than in all equilibria given any fixed quantity and reserve price.
Keywords
Uniform-price auction , Adjustable supply
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436187
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