Asymmetric First Price Auction with Resale through Repeated Bargaining
CAEN - UFC
April 28, 2009
he purpose of this paper is to analyze an asymmetric auction model with resales that occur through a repeated bargaining procedure. The introduction of the procedure of post auction bargaining permits the analysis of results obtained recently in literature considering the relative magnitude of the agents impatience rates. Amongst the results obtained, it is shown that the ex-post efficiency in the final allocation can or not be obtained in equilibrium.
Keywords: asynnetric auction, resale, repeated bargaining
JEL Classification: D44, L11working papers series
Date posted: May 4, 2009
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