Abstract:
This paper is organized as follows. Section 1 is an introduction. section we review the existing research on (sequential) pooled auctions. section 3m formalized our model of simultaneous ooled suctions while in the section 4 we derive the equilibrium bidding strategies. Section 5 contains the revenue comparison for the case of identical objects and the expected revenue in the case of perfectly correlated objects.
Keywords:AUCTIONS; GAME THEORY (search for similar items in EconPapers) JEL-codes:D44D40 (search for similar items in EconPapers) Date: 1996
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More papers in Working Papers from Australian National University - Department of Economics Address: THE AUSTRALIAN NATIONAL UNIVERSITY, DEPARTMENT OF ECONOMICS, RESEARCH SCHOOL of PACIFIC STUDIES, RESEARCH SCHOOL OF SOCIAL SCIENCES, G.P.O. 4, CANBERRA ACT 2601 AUSTRALIA..O. BOX 4 CANBERRA 2601 AUSTRALIA. Contact information at EDIRC. Series data maintained by Thomas Krichel ().
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