Imagine an auction mechanism that is just like an ascending bid auction, except that at the end, the winning bidder, the one who bid bmaz, pays only bmar 2 rather than bmaa Assuming all agents are rational, what is the expected revenue to the auctioneer for this mechanism, compared with a standard...

Price and allocation are set in an escalating auction by open competition among bidders T ...

Imagine an auction mechanism that is just like an ascending-bid auction, except that at the end,...

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Posted Date: Mar 20, 2022 01:00 PM

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Imagine an auction mechanism that is just like an ascending-bid auction, except that at the end,...

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Microeconomics

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