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When Should Sellers Use Auctions?
Auctions Entry Selection Mechanism Design Mergers and Acquisitions
2015/9/24
A bidding process can be organized so that offers are submitted simultaneously orsequentially. In the latter case, potential buyers can condition their behavior on previous entrants’ decisions. The re...
In auctions where a seller can post a reserve price but if the object fails to sell cannot commit never to attempt to resell it, revenue equivalence between repeated first price and second price aucti...