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This paper provides the first model of a sequential auction with both endogenous strategic selling and forward-looking longer-lived buyers who can shade their bids. The model’s contribution is the analysis of the best response of the seller to strategic bid shading, and the exposition of a market equilibrium, in which bidders do not always shade.
Shade sail over playground in Australia. A shade sail − or somewhat more precise a textile sunshade sail or a textile sun protection sail − is a device to create outdoor shade based on the textile basic technology that can be found in a ship's sail. [1] Shade sails use a flexible membrane tensioned between several anchor points. While ...
Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.
The cult-favorite Shibumi beach shade is on rare sale at Amazon. Korin Miller. June 14, 2023 at 10:48 AM. A good umbrella is a must at the beach, but they tend to be finicky. Some require ...
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
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