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First-price sealed-bid auctions with secret reservation prices

First-price sealed-bid auctions with secret reservation prices,Bernard ELYAKIME

First-price sealed-bid auctions with secret reservation prices   (Citations: 49)
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Published in 1994.
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    • ...Since the estimated volume and quality are different depending on the usage of the wood (especially hardwood) and each bidder has unique utility of the wood and harvesting cost, timber auctions are considered as independent private value auctions in some studies on timber auctions (Johnson, 1979; Hansen, 1985, 1986; Paarsch, 1992, 1997; Cummins, 1994; Elyakime, Laffont, Loisel, & Vuong, 1994, 1997; Carter & Newman, 1998; Li & Perrigne, 2003; Perrigne, 2003; Athey, Levin, & Seira, 2004; Campo, Guerre, Perrigne, & Vuong, 2006)...

    Gérard Martyet al. A SocioEconomic Analysis of French Public Timber Sales

    • ...Previous studies mostly focused on the independent private value paradigm (IPV) (Laont et al. (1995), Donald and Paarsch (1996), Elyakime et al. (1994, 1997), Guerre et al. (2000))...

    Philippe Février. Nonparametric Identification and Estimation of a Common Value Auction ...

    • ...Elyakime, Laont, Loisel and Vuong (1994) within the independent private value (IPV) model, we analyze the bidding behavior of bidders when facing a random reserve price.2...
    • ...Elyakime, Laont, Loisel and Vuong (1994) show that an announced optimal reserve price increases the expected prot of the seller.3 By adopting a structural approach, our...
    • ...inal auction data set, which corresponds closely to the model developed by Elyakime, Laont, Loisel and Vuong (1994).4 Fourth, this paper relies on recent econometric the-...
    • ...by Elyakime, Laont, Loisel and Vuong (1994) who nd a small increase in prots and a...
    • ...Elyakime, Laont, Loisel and Vuong (1994) and Theorem 1 in Guerre, Perrigne and Vuong...

    Tong Liet al. Timber Sale Auctions with Random Reserve Prices

    • ...Wilson (1994), timber auctions as in Elyakime, Laont, Loisel and Vuong (1994) and Li...
    • ...by Elyakime, Laont, Loisel and Vuong (1994, 1997)...
    • ...of a second round after the auction as observed by Elyakime, Laont, Loisel and Vuong (1994, 1997) when studying auctions organized by private cooperatives...
    • ...This result is similar to the one obtained by Elyakime, Laont, Loisel and Vuong (1994)...
    • ...is not defined when v0 > b. Note that Elyakime, Laont, Loisel and Vuong (1994) and...

    Isabelle Perrigne. Random Reserve Prices and Risk Aversion in Timber Sale Auctions

    • ...     - = ϕ = ≥ ≤ (5) where ( )...
    • ...Analytically, using (4) and (5), the probability of renegotiation when group k is in power in period 1 is equal to:...

    Antonio Estache. Concession Contract Renegotiations: Some Efficiency versus Equity Dile...

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