Auctions with synergies and asymetric buyers

Date

2004

Authors

Menezes, Flavio
Monteiro, Paulo K

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Abstract

In this paper we consider sequential auctions with synergies where one player wants two objects and the remaining players want one object each. We show that expected prices may not necessarily decrease as predicted by Branco [Econ. Lett. 54 (1997) 159]. Indeed we show that expected prices can actually increase.

Description

Keywords

Keywords: Asymmetric sequential auctions; Synergies

Citation

Source

Economics Letters

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1016/j.econlet.2004.04.017

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