Auctions with endogenous entry

Authors
Chakraborty, I Kosmopoulou, G
Citation
I. Chakraborty et G. Kosmopoulou, Auctions with endogenous entry, ECON LETT, 72(2), 2001, pp. 195-200
Citations number
6
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
72
Issue
2
Year of publication
2001
Pages
195 - 200
Database
ISI
SICI code
0165-1765(200108)72:2<195:AWEE>2.0.ZU;2-I
Abstract
Predictions from auction models with endogenous bidder participation depend on whether entry takes place under asymmetric information or not. Auctions that are not revenue equivalent in the former set up may be so in the latt er. Moreover, under asymmetric information the social planner does not disc ourage entry even when the bid preparation cost is large. (C) 2001 Elsevier Science BN. All rights reserved.