Brisset, Karine; Naegelen, Florence - In: Topics in Theoretical Economics 6 (2006) 1, pp. 1260-1260
This paper considers the optimality of setting a secret reserve price in ascending auctions. Contrary to intuition, an ascending auction is no longer equivalent to a second price auction when the reserve price is secret. We determine the seller's optimal reserve price policy when the bidders'...
