First-Price Sealed-Bid Auctions with Secret Reservation Prices
- 1 January 1994
- journal article
- Published by JSTOR in Annales D'economie Et de Statistique
- No. 34,p. 115
- https://doi.org/10.2307/20075949
Abstract
In this paper we consider a first-price sealed bid auction with a secret reservation price. Such auctions are used frequently in France to sell timber. Within t...Keywords
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