Equilibrium and Welfare Analysis in Second-Price Auctions with Resale and Costly Entry
This study investigates the effects of resale allowance on entry strategies, seller’s expected revenue, and social welfare in a second-price auction with two-dimensional private information on values and participation costs. We characterize the perfect Bayesian equilibrium in cutoff strategies and i...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-01-01
|
| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2022/9220681 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|