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https://hdl.handle.net/20.500.11851/2576
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Akyol, Ethem | - |
dc.date.accessioned | 2019-12-25T12:52:12Z | - |
dc.date.available | 2019-12-25T12:52:12Z | - |
dc.date.issued | 2019-09 | |
dc.identifier.citation | Akyol, E. (2019). Effects of resale in second-price auctions with private participation costs. Mathematical Social Sciences. | en_US |
dc.identifier.issn | 0165-4896 | |
dc.identifier.uri | https://hdl.handle.net/20.500.11851/2576 | - |
dc.identifier.uri | https://doi.org/10.1016/j.mathsocsci.2019.06.001 | - |
dc.description.abstract | We consider second-price auctions with participation costs and investigate the effects of resale after an auction. There are two potential bidders whose valuations are commonly known. Bidders incur a privately known cost to participate in the auction. We examine how resale affects bidders’ entry behavior, seller's expected revenue, and social welfare. We show that resale increases (decreases) entry by the lower-(higher-)value bidder, inducing a “more symmetric” equilibrium, and generates higher revenue for the seller. Furthermore, while resale may be detrimental to ex post welfare, it always increases the ex ante welfare. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier B.V. | en_US |
dc.relation.ispartof | Mathematical Social Sciences | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | Price Auctions | en_US |
dc.subject | Revenue | en_US |
dc.title | Effects of Resale in Second-Price Auctions With Private Participation Costs | en_US |
dc.type | Article | en_US |
dc.department | Faculties, Faculty of Economics and Administrative Sciences, Department of Economics | en_US |
dc.department | Fakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü | tr_TR |
dc.identifier.volume | 101 | |
dc.identifier.startpage | 6 | |
dc.identifier.endpage | 19 | |
dc.authorid | 0000-0002-2014-7152 | - |
dc.identifier.wos | WOS:000487568300002 | en_US |
dc.identifier.scopus | 2-s2.0-85067247020 | en_US |
dc.institutionauthor | Akyol, Ethem | - |
dc.identifier.doi | 10.1016/j.mathsocsci.2019.06.001 | - |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.identifier.scopusquality | Q2 | - |
item.openairetype | Article | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.fulltext | No Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | 04.01. Department of Economics | - |
Appears in Collections: | İktisat Bölümü / Department of Economics Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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