×
Menezes, Flavio M.; Monteiro, Paulo K.

Auctions with synergies and asymmetric buyers. (English) Zbl 1254.91240

Econ. Lett. 85, No. 2, 287-294 (2004).
Summary: In this paper we consider sequential auctions with synergies where one player wants two objects and the remaining players want one object each. We show that expected prices may not necessarily decrease as predicted by F. Branco [Econ. Lett. 54, No. 2, 159–163 (1997; Zbl 0902.90035)]. Indeed we show that expected prices can actually increase.

Cited in 5 Documents

MSC:

91B26 Auctions, bargaining, bidding and selling, and other market models

Keywords:

synergies; asymmetric sequential auctions

Citations:

Zbl 0902.90035
Cite Review PDF
Full Text: DOI

References:

[1] Binmore, K.; Klemperer, P., The biggest auction ever: the sale of British 3G telecom licenses, Economic Journal, 112, 478, C74-C96 (2002)
[2] Branco, F., Sequential auctions with synergies: an example, Economics Letters, 54, 159-163 (1997) · Zbl 0902.90035
[3] Krishna, V., Auction Theory (2002), Academic Press: Academic Press London, UK
[4] Krishna, V.; Rosenthal, R. W., Simultaneous auctions with synergies, Games and Economic Behavior, 17, 1-31 (1996) · Zbl 0886.90055
[5] McAffe, R. P.; McMillan, J., Analyzing the airwaves auctions, Journal of Economic Perspectives, 10, 159-175 (1996)
[6] McMillan, J.; Rothschild, M.; Wilson, R., Introduction to a special issue on the FCC auctions, Journal of Economics and Management Strategy, 6, 3, 425-430 (1997)
[7] Menezes, F. M.; Monteiro, P. K., An Introduction to Auction Theory (2004), Oxford University Press, (in press) · Zbl 1140.91365
[8] Menezes, F. M.; Monteiro, P. K., Synergies and price trends in sequential auctions, Review of Economic Design, 8, 85-98 (2003) · Zbl 1089.91015
This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. In some cases that data have been complemented/enhanced by data from zbMATH Open. This attempts to reflect the references listed in the original paper as accurately as possible without claiming completeness or a perfect matching.