Ding, Wei; Jeitschko, Thomas D.; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2009
In a recurring auction early bids may reveal bidders’ types, which in turn affects bidding in later auctions. Bidders take this into account and may bid in a way that conceals their private information until the last auction is played. The present paper analyzes the equilibrium of a...