메뉴 건너뛰기




Volumn 108, Issue 1, 2003, Pages 72-110

Auctions with private uncertainty and resale opportunities

Author keywords

Auctions; Endogenous valuations; Loser's curse; Resale markets; Signaling; Winner's curse

Indexed keywords


EID: 0038743044     PISSN: 00220531     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0022-0531(02)00010-8     Document Type: Article
Times cited : (120)

References (36)
  • 1
    • 0001368861 scopus 로고
    • Testing for price anomalies in real-estate auctions
    • O. Ashenfelter, D. Genesove, Testing for price anomalies in real-estate auctions, Amer. Econom. Rev. 82 (1992) 501-505.
    • (1992) Amer. Econom. Rev. , vol.82 , pp. 501-505
    • Ashenfelter, O.1    Genesove, D.2
  • 2
    • 0004275723 scopus 로고    scopus 로고
    • The optimality of being efficient
    • Working paper, University of Maryland
    • L. Ausubel, P. C. Cramton, The optimality of being efficient, Working paper, University of Maryland, 1999.
    • (1999)
    • Ausubel, L.1    Cramton, P.C.2
  • 4
    • 21144465186 scopus 로고
    • Auctions with resale markets: An exploratory model of treasury bill markets
    • S. Bikhchandani, C. Huang, Auctions with resale markets: an exploratory model of treasury bill markets, Rev. Finan. Stud. 3 (1989) 311-339.
    • (1989) Rev. Finan. Stud. , vol.3 , pp. 311-339
    • Bikhchandani, S.1    Huang, C.2
  • 6
    • 84988074995 scopus 로고
    • Money out of thin air: The nationwide narrowband PCS auction
    • P. C. Cramton, Money out of thin air: the nationwide narrowband PCS auction, J. Econom. Management Strategy 4 (1995) 267-343.
    • (1995) J. Econom. Management Strategy , vol.4 , pp. 267-343
    • Cramton, P.C.1
  • 9
    • 85050420470 scopus 로고
    • Adverse selection in the wholesale used car market
    • D. Genesove, Adverse selection in the wholesale used car market, J. Polit. Economy 10 J (1993) 644-665.
    • (1993) J. Polit. Economy , vol.101 , pp. 644-665
    • Genesove, D.1
  • 10
    • 0039416685 scopus 로고    scopus 로고
    • Bidding for the future, signaling in auctions with an aftermarket
    • Working paper, University of Virginia
    • J. K. Goeree, Bidding for the future, signaling in auctions with an aftermarket, Working paper, University of Virginia, 2001.
    • (2001)
    • Goeree, J.K.1
  • 11
    • 0033463437 scopus 로고    scopus 로고
    • First price auctions with resale
    • M. Gupta, B. Lebrun, First price auctions with resale, Econom. Lett. 64 (1999) 181-185.
    • (1999) Econom. Lett. , vol.64 , pp. 181-185
    • Gupta, M.1    Lebrun, B.2
  • 12
    • 0004266287 scopus 로고    scopus 로고
    • Auctions with resale
    • Working paper, University of Wisconsin
    • P. A. Haile, Auctions with resale, Working paper, University of Wisconsin, 1996.
    • (1996)
    • Haile, P.A.1
  • 13
    • 0037609233 scopus 로고    scopus 로고
    • Auctions with private uncertainty and resale opportunities
    • SSRI Working Paper 9801 R, University of Wisconsin-Madison
    • P. A. Haile, Auctions with private uncertainty and resale opportunities, SSRI Working Paper 9801 R, University of Wisconsin-Madison, 1999.
    • (1999)
    • Haile, P.A.1
  • 14
    • 0005597122 scopus 로고    scopus 로고
    • Partial pooling at the reserve price in auctions with resale opportunities
    • P. A. Haile, Partial pooling at the reserve price in auctions with resale opportunities, Games Econom. Behav. 33 (2000) 231-248.
    • (2000) Games Econom. Behav. , vol.33 , pp. 231-248
    • Haile, P.A.1
  • 15
    • 0002737887 scopus 로고    scopus 로고
    • Auctions with resale markets: An application to U.S. forest service timber sales
    • P. A. Haile, Auctions with resale markets: an application to U.S. forest service timber sales, Amer. Econom. Rev. 91 (2001) 399-427.
    • (2001) Amer. Econom. Rev. , vol.91 , pp. 399-427
    • Haile, P.A.1
  • 16
    • 0038284570 scopus 로고
    • Analysis and recommendations for FCC PCS spectrum auctions
    • Attachment to Comments of Pactel, FCC PP Docket
    • J. Hausman, D. Wittman, Analysis and recommendations for FCC PCS spectrum auctions, Attachment to Comments of Pactel, FCC PP Docket, 1993, pp. 93-253.
    • (1993) , pp. 93-253
    • Hausman, J.1    Wittman, D.2
  • 17
    • 0011124033 scopus 로고
    • Bertrand competition with subcontracting
    • M. I. Kamien, L. Li, D. Samet, Bertrand competition with subcontracting, Rand J. Econom. 20 (1989) 553-567.
    • (1989) Rand. J. Econom. , vol.20 , pp. 553-567
    • Kamien, M.I.1    Li, L.2    Samet, D.3
  • 18
    • 0037609232 scopus 로고    scopus 로고
    • Transferable licenses vs. nontransferable licenses: What is the difference?
    • Working paper, Pennsylvania State University
    • K. Krishna, L. H. Tan, Transferable licenses vs. nontransferable licenses: what is the difference?, Working paper, Pennsylvania State University, 1998.
    • (1998)
    • Krishna, K.1    Tan, L.H.2
  • 19
    • 0000026710 scopus 로고
    • The principle-agent model with an informed principle: The case of private values
    • E. Maskin, J. Tirole, The principle-agent model with an informed principle: the case of private values, Econometrica 58 (1990) 379-409.
    • (1990) Econometrica , vol.58 , pp. 379-409
    • Maskin, E.1    Tirole, J.2
  • 21
    • 0002674486 scopus 로고
    • Auctions with a stochastic number of bidders
    • R. P. McAfee, J. McMillan, Auctions with a stochastic number of bidders, J. Econom. Theory 43 (1987b) 1-19.
    • (1987) J. Econom. Theory , vol.43 , pp. 1-19
    • McAfee, R.P.1    McMillan, J.2
  • 22
    • 0038623494 scopus 로고    scopus 로고
    • How to set minimum acceptable bids, with and application to real estate auctions
    • forthcoming
    • R. P. McAfee, D. C. Quan, D. R. Vincent, How to set minimum acceptable bids, with and application to real estate auctions, J. Industrial Econom., forthcoming.
    • J. Industrial Econom.
    • McAfee, R.P.1    Quan, D.C.2    Vincent, D.R.3
  • 23
    • 0001397828 scopus 로고
    • Selling spectrum rights
    • J. McMillan, Selling spectrum rights, J. Econom. Perspect. 8 (1994) 145-162.
    • (1994) J. Econom. Perspect. , vol.8 , pp. 145-162
    • McMillan, J.1
  • 24
    • 0000513419 scopus 로고
    • Good news and bad news: Representation theorems and applications
    • P. R. Milgrom, Good news and bad news: representation theorems and applications, RAND J. Econom. 12 (1981a) 380-391.
    • (1981) RAND J. Econom. , vol.12 , pp. 380-391
    • Milgrom, P.R.1
  • 25
    • 0001757116 scopus 로고
    • Rational expectations, information acquisition, and competitive bidding
    • P. R. Milgrom, Rational expectations, information acquisition, and competitive bidding, Econometrica 49 (1981b) 921-943.
    • (1981) Econometrica , vol.49 , pp. 921-943
    • Milgrom, P.R.1
  • 26
    • 0002561312 scopus 로고
    • The economics of competitive bidding: A selective survey
    • L. Hurwicz, D. Schmeidler, H. Sonnenschein (Eds.), Cambridge University Press, Cambridge
    • P. R. Milgrom, The economics of competitive bidding: a selective survey, in: L. Hurwicz, D. Schmeidler, H. Sonnenschein (Eds.), Social Goals and Social Organization: Essays in Memory of Elisha Pazner, Cambridge University Press, Cambridge, 1985, pp. 261-289.
    • (1985) Social Goals and Social Organization: Essays in Memory of Elisha Pazner , pp. 261-289
    • Milgrom, P.R.1
  • 27
    • 0002559393 scopus 로고
    • Auction theory
    • T.F. Bewley (Ed.), Cambridge University Press, Cambridge
    • P. R. Milgrom, Auction theory, in: T.F. Bewley (Ed.), Advances in Economic Theory: Fifth World Congress, Cambridge University Press, Cambridge, 1987, pp. 1-32.
    • (1987) Advances in Economic Theory: Fifth World Congress , pp. 1-32
    • Milgrom, P.R.1
  • 28
    • 0001757115 scopus 로고
    • A theory of auctions and competitive bidding
    • P. R. Milgrom, R. J. Weber, A theory of auctions and competitive bidding, Econometrica 50 (1982) 1089-1122.
    • (1982) Econometrica , vol.50 , pp. 1089-1122
    • Milgrom, P.R.1    Weber, R.J.2
  • 29
    • 0001845798 scopus 로고
    • Optimal auction design
    • R. B. Myerson, Optimal auction design, Math. Oper. Res. 6 (1981) 58-73.
    • (1981) Math. Oper. Res. , vol.6 , pp. 58-73
    • Myerson, R.B.1
  • 30
    • 0000369606 scopus 로고    scopus 로고
    • The loser's curse and information aggregation in common value auctions
    • W. Pesendorfer, J. M. Swinkels, The loser's curse and information aggregation in common value auctions, Econometrica 65 (1997) 1247-1282.
    • (1997) Econometrica , vol.65 , pp. 1247-1282
    • Pesendorfer, W.1    Swinkels, J.M.2
  • 32
    • 0030295851 scopus 로고    scopus 로고
    • Simultaneous auctions with synergies and common values
    • R. W. Rosenthal, R. Wang, Simultaneous auctions with synergies and common values, Games Econom. Behav. 17 (1996) 32-55.
    • (1996) Games Econom. Behav. , vol.17 , pp. 32-55
    • Rosenthal, R.W.1    Wang, R.2
  • 33
    • 0000373784 scopus 로고
    • Modeling competitive bidding: A critical essay
    • M. H. Rothkopf, R. M. Harstad, Modeling competitive bidding: a critical essay, Management Sci. 40 (1994) 364-384.
    • (1994) Management Sci. , vol.40 , pp. 364-384
    • Rothkopf, M.H.1    Harstad, R.M.2
  • 35
    • 0032220567 scopus 로고    scopus 로고
    • Sequential equilibria of asymmetric ascending auctions: The case of log-normal distributions
    • R. Wilson, Sequential equilibria of asymmetric ascending auctions: the case of log-normal distributions, Econom. Theory 12 (1998) 433-440.
    • (1998) Econom. Theory , vol.12 , pp. 433-440
    • Wilson, R.1
  • 36
    • 0036434079 scopus 로고    scopus 로고
    • An optimal auction with resale
    • C. Zheng, An optimal auction with resale, Econometrica 70 (2002) 2197-2224.
    • (2002) Econometrica , vol.70 , pp. 2197-2224
    • Zheng, C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.