On Favoritism in Auctions with Entry
Leandro Arozamena () and
Federico Weinschelbaum ()
No 103, Working Papers from Universidad de San Andres, Departamento de Economia
We examine the problem of endogenous entry in a single-unit auction when the seller's welfare depends positively on the utility of a subset of potential bidders. We show that, unless the seller values those bidders?welfare more than her own ?private?utility, a nondiscriminatory auction is optimal.
Keywords: auctions; favoritism; free entry; endogenous number of bidders (search for similar items in EconPapers)
JEL-codes: C72 D44 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2010-05, Revised 2010-05
New Economics Papers: this item is included in nep-cta and nep-gth
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https://webacademicos.udesa.edu.ar/pub/econ/doc103.pdf First version, 2010 (application/pdf)
Journal Article: On favoritism in auctions with entry (2011)
Working Paper: On favoritism in auctions with entry (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:sad:wpaper:103
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