Auctions with application system
We study sealed-bid first-price auction for one commodity. While traditional model (Vickrey, 1961) consists of only one stage of bidding, we introduce a new model by adding a new stage of application before the stage of final bidding. In the application stage, each bidder submits a tentative sealed...
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| Format: | Others |
| Language: | English Chinese |
| Published: |
2014
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| Online Access: | http://repository.lib.cuhk.edu.hk/en/item/cuhk-1291537 |