Equilibria in Second Price Auctions with Participation Costs Tan, Guofu; Yilankaya, Okan

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Tan, Guofu ; Yilankaya, Okan
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Journal of Economic Theory
Auctions -- Management; Probabilities -- Usage; Competitive bidding -- Analysis
Empirical model of equilibria in sealed-bid second price auctions, based on independent values of bidder participation costs, is presented.
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