SEQUENTIAL AUCTIONS OF STOCHASTICALLY EQUIVALENT OBJECTS

Authors
ENGELBRECHTWIGGANS R
Citation
R. Engelbrechtwiggans, SEQUENTIAL AUCTIONS OF STOCHASTICALLY EQUIVALENT OBJECTS, Economics letters, 44(1-2), 1994, pp. 87-90
Citations number
6
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
44
Issue
1-2
Year of publication
1994
Pages
87 - 90
Database
ISI
SICI code
0165-1765(1994)44:1-2<87:SAOSEO>2.0.ZU;2-G
Abstract
We show that in sequential auctions of a large enough number of stocha stically equivalent objects with bounded values, prices will on averag e have a downwards trend.