On favoritism in auctions with entry

被引:4
|
作者
Arozamena, Leandro [1 ,3 ]
Weinschelbaum, Federico [2 ,3 ]
机构
[1] Univ Torcuato Tella, Buenos Aires, DF, Argentina
[2] Univ San Andres, Buenos Aires, DF, Argentina
[3] Consejo Nacl Invest Cient & Tecn, RA-1033 Buenos Aires, DF, Argentina
关键词
Auctions; Favoritism; Free entry; Endogenous number of bidders; PROCUREMENT; COMPETITION;
D O I
10.1016/j.econlet.2010.11.036
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine the problem of endogenous entry in a single-unit auction when the seller's welfare depends positively on the utility of a subset of potential bidders. We show that, unless the seller values those bidders' welfare more than her own "private" utility, a nondiscriminatory auction is optimal. (C) 2010 Elsevier B.V. All rights reserved.
引用
收藏
页码:265 / 267
页数:3
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