Trends in Western Ranch Prices and Values
نویسندگان
چکیده
منابع مشابه
Common Values and Low Reserve Prices
I show that the benefit of a high reserve price in a commonvalues ascending auction is lower than in the observationally-equivalent private values setting. Put another way, when bidders actually have common values, empirical estimation based on a private values model will overstate the value of a high reserve price. Via numerical examples, I show that this same ranking typically applies to the ...
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ژورنال
عنوان ژورنال: Journal of Range Management
سال: 1973
ISSN: 0022-409X
DOI: 10.2307/3896871