An "Alternating Recognition" Model of English Auctions
We present an alternative abstraction of an English (oral ascending) auction to the standard, in Milgrom and Weber (1982), that accords more closely with practices in some auction markets. In particular, the assumptions that exits are irrevocable and necessarily public are dropped, making endogenous...
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 46(2000), 1, Seite 1-12 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2000
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| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | Competitive Bidding Oral Auctions Auction Theory Information Disclosure in Auctions Economics Business Behavioral sciences Applied sciences Mathematics |
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