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In this paper, we study an auction where bidders only know the number of potential applicants.
Persistent link: https://www.econbiz.de/10005776609
This paper is organized as follows. Section 1 is an introduction. section we review the existing research on (sequential) pooled auctions. section 3m formalized our model of simultaneous ooled suctions while in the section 4 we derive the equilibrium bidding strategies. Section 5 contains the...
Persistent link: https://www.econbiz.de/10005478376
This paper investigates a simultaneous discrete public good provision game with incomplete information. To use the terminology of Admati and Perry (1991), we consider both contribution and subscription games. In the former, contributions are not refunded if the project is not completed, while in...
Persistent link: https://www.econbiz.de/10005663666
Persistent link: https://www.econbiz.de/10005776608