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Learning buyers ́valuation distribution in posted-price selling

Chen, Yongmin; Wang, Ruqu - In: Economic theory : official journal of the Society for … 14 (1999) 2, pp. 417-428

Persistent link: https://www.econbiz.de/10001416814

Equilibrium selling mechanisms

Chen, Yongmin; Wang, Ruqu - In: Annals of economics and finance 5 (2004) 2, pp. 335-355

Persistent link: https://www.econbiz.de/10002544958

A model of competing selling mechanisms

Chen, Yongmin; Wang, Ruqu - In: Economics letters 85 (2004) 2, pp. 151-155

Persistent link: https://www.econbiz.de/10002253500

Market design with correlated valuations

Chen, Yongmin; Wang, Ruqu - In: Economica 73 (2006), pp. 659-672

Persistent link: https://www.econbiz.de/10003383088

Market design with correlated valuations

Chen, Yongmin (contributor); Wang, Ruqu (contributor) - 2005

Persistent link: https://www.econbiz.de/10003596119

Learning Buyers' Valuation Distribution in Posted-Price Selling

Chen, Yongmin; Wang, Ruqu - 1999

A dynamic pricing model is studied where a seller of an asset faces a sequence of potential buyers whose valuation distribution is unknown to the seller. The seller learns more about the distribution in the selling process and becomes less optimistic as the object remains unsold. We characterize...

Persistent link: https://www.econbiz.de/10014184261