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Incentives for Overbidding in Minimum-Revenue Core-Selecting Auctions

Ott, Marion; Beck, Marissa - Verein für Socialpolitik - VfS - 2013

We find new equilibria of minimum-revenue core-selecting (MRCS) auctions that, in contrast to previously identified equilibria, involve overbidding - bidding more than one's true value for some packages of goods. With full information, every MRCS auction in every possible setting has equilibria...

Persistent link: https://www.econbiz.de/10010958065

SEMINARS - Back to School - Do your salespeople need to brush up on their sales skills? Send them to these fall seminars.

Beck, Marissa - In: Sales & marketing management 155 (2003) 9, pp. 51-78

Persistent link: https://www.econbiz.de/10006433499

A convergence theorem for competitive bidding wirh differential information

Milgrom, Paul - In: Econometrica : journal of the Econometric Society, an … 47 (1979) 3, pp. 679-688

Persistent link: https://www.econbiz.de/10002493271

Good news and bad news : representation theorems and applications

Milgrom, Paul - In: The Bell journal of economics 12 (1981) 2, pp. 380-391

Persistent link: https://www.econbiz.de/10002493281

Private information in an auctionlike securities market

Milgrom, Paul - In: Auctions, bidding and contracting : uses and theory, (pp. 137-147). 1983

Persistent link: https://www.econbiz.de/10002493321

Rational expectations, information acquisition, and competitive bidding

Milgrom, Paul - In: Econometrica : journal of the Econometric Society, an … 49 (1981) 4, pp. 921-943

Persistent link: https://www.econbiz.de/10002493331

An axiomatic characterization of common knowledge

Milgrom, Paul - In: Econometrica : journal of the Econometric Society, an … 49 (1981) 1, pp. 219-222

Persistent link: https://www.econbiz.de/10002493264

Information, trade and common knoledge

Milgrom, Paul; Stokey, Nancy L. - In: Journal of economic theory 26 (1982) 1, pp. 17-27

Persistent link: https://www.econbiz.de/10002493290

Limit pricing and entry under incomplete information : an equilibrium analysis

Milgrom, Paul; Roberts, John - In: Econometrica : journal of the Econometric Society, an … 50 (1982) 2, pp. 443-459

Persistent link: https://www.econbiz.de/10002493304

Predation, reputation, and entry deterrence

Milgrom, Paul; Roberts, John - In: Journal of economic theory 27 (1982) 2, pp. 280-312

Persistent link: https://www.econbiz.de/10002493314