Reserve price commitments in auctions
Date
2005
Authors
Menezes, Flavio
Ryan, Matthew
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
It is well known that the optimal auction-one that maximizes the seller's expected revenue-can be implemented using a standard auction format with a suitably chosen reserve price. This reserve price is above the seller's value of retaining the object and
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Keywords
Keywords: Auction; Bargaining; Commitment; Reserve price
Citation
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Source
Economics Letters
Type
Journal article
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Restricted until
2037-12-31
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