The Optimal Sequence of Prices and Auctions
Consider a monopolist seller who must use posted prices and reserve price auctions to sell one unit of an indivisible good while buyers with independent private values arrive over time. Assume an auction costs more to the seller or to the buyers than a posted price. For a wide range of auction cost,...
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| Format: | Article |
| Language: | English |
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European Alliance for Innovation (EAI)
2016-12-01
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| Series: | EAI Endorsed Transactions on Scalable Information Systems |
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| Online Access: | http://eudl.eu/doi/10.4108/eai.8-8-2015.2260557 |