Spite and Reciprocity in Auctions
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences should ov...
Furkejuvvon:
| Váldodahkkit: | , , , |
|---|---|
| Materiálatiipa: | Artigo |
| Giella: | Inglês |
| Almmustuhtton: |
MDPI AG
2011-09-01
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| Ráidu: | Games |
| Fáttát: | |
| Liŋkkat: | http://www.mdpi.com/2073-4336/2/3/365/ |
| Fáddágilkorat: |
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