论文信息 - A note on expected rent in auction theory

A note on expected rent in auction theory

The expected rent in a reverse (buyer's) auction is shown to be monotonically nonincreasing in the number of bidders if the distribution of valuations is DRHR (IFR). Conditions under which an increase in the spread of bids results in an increase in the expected rent are established as well.

Xiaohu Li | Xiaohu Li

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