haku: @indexterm price determination / yhteensä: 25
viite: 14 / 25
| Tekijä: | Haile, P.A. Tamer, E. |
| Otsikko: | Inference with an incomplete model of English auctions |
| Lehti: | Journal of Political Economy
2003 : FEB, VOL. 111:1, p. 1-51 |
| Asiasana: | Auctions Models USA Price determination |
| Kieli: | eng |
| Tiivistelmä: | While English auctions are the most common in practice, their rules typically lack sufficient structure to yield a tractable theoretical model without significant abstractions. The article explores an incomplete model based on two simple assumptions: bidders neither bid more than their valuations nor let an opponent win at a price they would be willing to beat. |
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