Kittsteiner, Thomas; Nikutta, Jörg; Winter, Eyal - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2002
We analyze an independent private values model where a number of objects are sold in sequential first- and second-price auctions. Bidders have unit demand and their valuation for an object is decreasing in the rank number of the auction to which it is sold. Whether prices are announced after...