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- W2138025997 abstract "We study how resale affects auctions with costly entry in a model where bidders possess twodimensional private information signals: entry costs and valuations. We establish the existence of symmetric entry equilibrium and identify sufficient conditions under which the equilibrium is unique. Our analysis suggests that the opportunity of resale affects both entry and bidding, and, in particular, it induces motivation for speculative entry and resale hunting abstentions. Our numerical results suggest that while expected entry is higher when resale is allowed, the effects of" @default.
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- W2138025997 date "2013-05-01" @default.
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- W2138025997 title "Auctions with entry and resale" @default.
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- W2138025997 doi "https://doi.org/10.1016/j.geb.2013.01.006" @default.
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