INVESTIGADORES
WEINSCHELBAUM Federico
congresos y reuniones científicas
Título:
On Favoritism in Auctions with Entry
Autor/es:
LEANDRO AROZAMENA; FEDERICO WEINSCHELBAUM
Lugar:
Montevideo
Reunión:
Jornada; XXV Jornadas Anuales de Economía; 2010
Institución organizadora:
Banco Central del Uruguay
Resumen:
We examine the problem of endogenous entry in a single-unit auction when the seller'swelfare depends positively on the utility of a subset of potential bidders. We show that, unlessthe seller values those bidders' welfare more than her own "private" utility, a nondiscriminatoryauction is optimal.
