Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22935
Authors: 
Mylovanov, Tymofiy
Tröger, Thomas
Year of Publication: 
2005
Series/Report no.: 
Bonn econ discussion papers 2005,29
Abstract: 
Zheng has recently proposed a seller-optimal auction for (asymmetric) independent-private-value environments where inter-bidder resale is possible. Zheng's construction requires novel conditions on the bidders' value distribution profile. We clarify the restrictions implied by these conditions. Given distributions for two bidders and the supports of the other bidders' distributions, Zheng's conditions uniquely determine the entire distribution profile. Moreover, if the bidders' distributions have the same support then Zheng's conditions imply that all distributions except one are identical, so that the final allocation is obtained after a single resale transaction, regardless of the number of bidders.
Subjects: 
independent private values
optimal auction
resale
inverse virtual valuation function
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.