Auctions with private uncertainty and resale opportunities.
type: Item
instance of: scholarly article
title: Auctions with private uncertainty and resale opportunities.
zbMATH Open document ID: 1054.91029
DOI: 10.1016/S0022-0531(02)00010-8
author: Philip Haile
published in: Journal of Economic Theory
publication date: 2003-06-09T00:00:00Z
review text: The paper considers the case of auctions followed by an opportunity for resale where the bidder valuations are endogenously determined, reflecting anticipated profit from buying/selling in the resale market. To this end, it considers a two-stage model in which an auction in the first stage is followed by a resale auction, held by the first-stage winner. It also examines two cases, the case where resale takes place under complete information, and the case where the players have asymmetric information in the resale market.
Mathematics Subject Classification ID: 91B26
zbMATH DE Number: 1924603
zbMATH Keywords: valuation
zbMATH Keywords: market models
reviewed by: Vangelis Grigoroudis
MaRDI profile type: Publication
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full work available at URL: s0022-0531(02)00010-8
OpenAlex ID: W3123435655
description: scientific article; zbMATH DE number 1924603