Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/6363
Title: Can Resale Harm the Original Seller in a Second-Price Auction?
Authors: Akyol, Ethem
Keywords: Second-price auctions
Resale
Participation cost
Expected revenue
Publisher: Elsevier Science Sa
Abstract: We consider second-price auctions with participation costs and investigate the revenue effects of a resale possibility. There are two potential bidders whose valuations are independently and identically distributed, and each bidder must incur a participation cost to bid in the auction. Due to these costs, there may be a resale opportunity in an otherwise efficient second-price auction. We show that when values are drawn from a uniform distribution, resale increases (decreases) entry of the lower-(higher-)cost bidder and decreases the original seller's expected revenue. (C) 2021 Elsevier B.V. All rights reserved.
URI: https://doi.org/10.1016/j.econlet.2021.109845
https://hdl.handle.net/20.500.11851/6363
ISSN: 0165-1765
1873-7374
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

Show full item record



CORE Recommender

WEB OF SCIENCETM
Citations

3
checked on Aug 31, 2024

Page view(s)

114
checked on Dec 23, 2024

Google ScholarTM

Check




Altmetric


Items in GCRIS Repository are protected by copyright, with all rights reserved, unless otherwise indicated.