Menezes, Flávio Marques (contributor); … - 2007
demonstrate that first-price and second-price
auctions are revenue-equivalent in this repeated auction game.
The purpose of the … present paper is twofold. First, we show that the
repeated English auction leads to a lower equilibrium path of reserve prices …
bidding early, a bidder in a sealed-bid auction can eliminate competition
from rivals with lower valuations (that are …