The effect of entry and information costs on oral versus sealed-bid auctions
نویسنده
چکیده
At equilibrium with respect to bids, entry and information acquisition, oral auctions can generate significantly more revenue than sealed-bid auctions even in the case of independently-distributed privately-known values. 2001 Elsevier Science B.V. All rights reserved. JEL classification: D44 (auctions)
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تاریخ انتشار 2000