haku: @author Rosenthal, R. / yhteensä: 4
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| Tekijä: | Krishna, V. Rosenthal, R. |
| Otsikko: | Simultaneous auctions with synergies |
| Lehti: | Games and Economic Behavior
1996 : NOV, VOL. 17:1, p. 1-31 |
| Asiasana: | GAMES ECONOMIC BEHAVIOUR SYNERGY |
| Kieli: | eng |
| Tiivistelmä: | Motivated by recent auctions of licenses for the radio frequency spectrum, the authors consider situations where multiple objects are auctioned simultaneously by means of a second-price, sealed-bid auction. For some buyers, called global bidders, the value of multiple objects exceeds the sum of the objects' values separately. Others, called local bidders, are interested in only one object. In a simple independent private values setting, the authors characterize an equilibrium that is symmetric among the global bidders and derive some comparative statics results. |
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