Buy-price auction: A distributional approach

Hongjun Zhong

Economics Letters, 2010, vol. 107, issue 3, 345-349

Abstract: This paper applies the distributional approach to show that when bidders are risk averse, an English auction with optimal reserve price can be further improved with the introduction of a buy price.

Keywords: Buy-price; auction; Distributional; approach (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:107:y:2010:i:3:p:345-349

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