Li, D.Z. (2017) 'Ranking equilibrium competition in auctions with participation costs.', Economics letters., 153 . pp. 47-50.
This paper studies the degrees of equilibrium competition in three common forms of auctions with costly participation, and shows that, when bidders’ valuation distribution is concave, there is a simple condition to rank the equilibrium competition of those auctions. It also investigates how the results are related to stochastic ordering of bidders’ valuation distributions, and provides some illustrative examples.
|Full text:||(AM) Accepted Manuscript|
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
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|Publisher Web site:||https://doi.org/10.1016/j.econlet.2017.02.003|
|Publisher statement:||© 2017 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/|
|Date accepted:||03 February 2017|
|Date deposited:||06 February 2017|
|Date of first online publication:||04 February 2017|
|Date first made open access:||04 August 2018|
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