Optimal nondiscriminatory auctions with favoritsm
Fil: Arozamena, Leandro. Universidad de San Andrés. Departamento de Economía; Argentina.
Guardado en:
| Autores principales: | , , |
|---|---|
| Formato: | Documento de Trabajo Documento de trabajo draft |
| Lenguaje: | Inglés |
| Publicado: |
Universidad de San Andrés. Departamento de Economía
2017
|
| Acceso en línea: | http://hdl.handle.net/10908/11947 |
| Aporte de: |
| id |
I37-R143-10908-11947 |
|---|---|
| record_format |
dspace |
| spelling |
I37-R143-10908-119472024-09-20T18:42:45Z Optimal nondiscriminatory auctions with favoritsm Arozamena, Leandro Shunda, Nicholas Weinschelbaum, Federico Fil: Arozamena, Leandro. Universidad de San Andrés. Departamento de Economía; Argentina. Fil: Shunda, Nicholas. Universidad de San Andrés. Departamento de Economía; Argentina. Fil: Weinschelbaum, Federico. Universidad de San Andrés. Departamento de Economía; Argentina. In many auction settings, there is favoritism: the seller ´s welfare depends positively on the utility of a subset of potential bidders. However, laws or regulations may not allow the seller to discriminate among bidders. We find the optimal nondiscriminatory auction in a private value, single-unit model under favoritism. At the optimal auction there is a reserve price, or an entry fee, which is decreasing in the proportion of preferred bidders and in the intensity of the preference. Otherwise, the highest-valuation bidder wins. We show that, at least under some conditions, imposing a no-discrimination constraint raises expected seller revenue. 2017-01-31T17:48:30Z 2017-01-31T17:48:30Z 2012-03 Documento de Trabajo info:eu-repo/semantics/workingPaper info:ar-repo/semantics/documento de trabajo info:eu-repo/semantics/draft http://hdl.handle.net/10908/11947 eng Documento de trabajo (Universidad de San Andrés. Departamento de Economía);110 info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía |
| institution |
Universidad de San Andrés |
| institution_str |
I-37 |
| repository_str |
R-143 |
| collection |
Repositorio Digital - Universidad de San Andrés (UdeSa) |
| language |
Inglés |
| description |
Fil: Arozamena, Leandro. Universidad de San Andrés. Departamento de Economía; Argentina. |
| format |
Documento de Trabajo Documento de trabajo Documento de trabajo draft |
| author |
Arozamena, Leandro Shunda, Nicholas Weinschelbaum, Federico |
| spellingShingle |
Arozamena, Leandro Shunda, Nicholas Weinschelbaum, Federico Optimal nondiscriminatory auctions with favoritsm |
| author_facet |
Arozamena, Leandro Shunda, Nicholas Weinschelbaum, Federico |
| author_sort |
Arozamena, Leandro |
| title |
Optimal nondiscriminatory auctions with favoritsm |
| title_short |
Optimal nondiscriminatory auctions with favoritsm |
| title_full |
Optimal nondiscriminatory auctions with favoritsm |
| title_fullStr |
Optimal nondiscriminatory auctions with favoritsm |
| title_full_unstemmed |
Optimal nondiscriminatory auctions with favoritsm |
| title_sort |
optimal nondiscriminatory auctions with favoritsm |
| publisher |
Universidad de San Andrés. Departamento de Economía |
| publishDate |
2017 |
| url |
http://hdl.handle.net/10908/11947 |
| work_keys_str_mv |
AT arozamenaleandro optimalnondiscriminatoryauctionswithfavoritsm AT shundanicholas optimalnondiscriminatoryauctionswithfavoritsm AT weinschelbaumfederico optimalnondiscriminatoryauctionswithfavoritsm |
| _version_ |
1816376689032167424 |