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- W2896535525 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." @default.
- W2896535525 created "2018-10-26" @default.
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- W2896535525 date "2018-01-01" @default.
- W2896535525 modified "2023-09-27" @default.
- W2896535525 title "When should bidders learn reserve prices" @default.
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