On Optimal Reservation Prices in Auctions
نویسندگان
چکیده
منابع مشابه
Econometrics of First-Price Auctions with Binding Reservation Prices*
This paper considers the structural estimation of first-price auctions with binding reservation prices. The presence of binding reservation prices complicates the structural analysis as the number of autual bidders is not equal to the number of potential bidders. Ignoring such an issue will lead to inconsistent estimates due to the endogeneity of the number of actual bidders. Allowing for the n...
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ژورنال
عنوان ژورنال: Management Science
سال: 1987
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.33.6.763