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Interim efficient auctions with interdependent valuations
Date
2012-05-01
Author
Küçükşenel, Serkan
Metadata
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We provide a characterization of interim efficient auctions and examine their properties in the presence of informational interdependent valuations. We show that buyers can be awarded the auctioned item less often than the efficient level. We also show that buyers obtain the item more often as the degree of heterogeneity in preferences increases, even though profitability of trade does not depend on the heterogeneity in preferences.
Subject Keywords
Economics and Econometrics
,
General Business, Management and Accounting
URI
https://hdl.handle.net/11511/47783
Journal
JOURNAL OF ECONOMICS
DOI
https://doi.org/10.1007/s00712-011-0226-8
Collections
Department of Economics, Article
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S. Küçükşenel, “Interim efficient auctions with interdependent valuations,”
JOURNAL OF ECONOMICS
, pp. 83–93, 2012, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/47783.