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Pay-to-Bid Auctions

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NBER2010-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w15695
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We analyze a new auction format in which bidders pay a fee each time they increase the auction price. Bidding fees are the primary source of revenue for the seller, but produce the same expected revenue as standard auctions. Our model predicts a particular distribution of ending prices, which we
创建时间:
2010-01-01
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