ERC Homepage ERC Homepage
ERC CONFERENCES
ERC Lectures in Economics
ERC Working Papers
Executive Committee
About ERC
e-mail
METU Home Page
Department of Economics
 

ERC WORKING PAPERS

When should bidders learn reserve prices?

Onur A. Koska and Frank Stähler;

Abstract:
This paper discusses the role of reserve prices when the signal of each bidder is positively affiliated with the seller's signal. We distinguish three reserve price designs: a public reserve price, announced before the auction starts, a revealed reserve price, disclosed when a bid matches it, and a secret reserve price that is disclosed after the highest bid has been reached. We show that a public or a revealed reserve price are strategically equivalent, and we show that no seller will set a secret reserve price.

Full Text (in Adobe Acrobat format)

2017

  • 17/17 Unemployment Invariance Hypothesis, Added and Discouraged Worker Effects in Canada?
    Aysit Tansel and Zeynel Abidin Ozdemir

  • 17/16 Birth and Employment Transitions of Women in Turkey: Conflicting or Compatible Roles?
    Ayşe Abbasoğlu Özgören , Banu Ergöçmen and Aysit Tansel

  • 17/15 EDUCATION EFFECTS ON DAYS HOSPITALIZED AND DAYS OUT OF WORK BY GENDER: EVIDENCE FROM TURKEY
    Aysit Tansel and Halil İbrahim Keskin

  • 17/14 MONETARY POLICY TRILEMMA, INFLATION TARGETING AND GLOBAL FINANCIAL CRISIS
    Eda Gülşen and Erdal Özmen

  • 17/13 Do emigrants self-select along cultural traits? Evidence from the MENA countries
    Frederic Docquier , Aysit Tansel and Riccardo Turati

  • 17/12 When should bidders learn reserve prices?
    Onur A. Koska and Frank Stähler

  • 17/11 The Economics of Vendor Bids
    Onur A. Koska , Ilke Onur and Frank Stähler

  • 17/10 The Effects of Compulsory Schooling Laws on Teenage Marriage and Births in Turkey
    Murat G. Kırdar , Meltem Dayıoğlu and İsmet Koç

  • 17/09 Long Memory in Turkish Unemployment Rates
    Luis A. Gil-Alana , Zeynel Abidin Ozdemir and Aysıt Tansel

  • 17/08 Analyzing Wage Differentials by Fields of Study: Evidence from Turkey
    Antonio Di Paolo and Aysıt Tansel

  • 17/07 Political Economy, Firm Survival and Entrepreneurship in Turkey: The Case of the Wealth Tax (1942)
    Seven Ağır and Cihan Artunç

  • 17/06 An Integrated General Equilibrium Model for Evaluating Demographic, Social and Economic Impacts of Transport Policies
    Özhan Yılmaz and Ebru Voyvoda

  • 17/05 Labour Market Policies and the Informal Sector: A Segmented Labour Markets Analysis
    Dürdane Şirin Saracoğlu

  • 17/04 Trade and Commodity Taxes as Environmental Instruments in an Open Economy
    Onur A. Koska, Frank Stähler, and Onur Yeni

  • 17/03 Intertemporal CGE Analysis of Income Distribution in Turkey
    Aykut Mert Yakut and Ebru Voyvoda

  • 17/02 Asymmetric Exchange Rate Policy in Inflation Targeting Developing Countries
    Ahmet Benlialper, Hasan Cömert and Nadir Öcal

  • 17/01 Determinants of Obesity in Turkey: A Quantile Regression Analysis from a Developing Country
    Deniz Karaoğlan and Aysıt Tansel

  • 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996