Bidding among friends and enemies ∗

@inproceedings{Ettinger2003BiddingAF,
  title={Bidding among friends and enemies ∗},
  author={David Ettinger},
  year={2003}
}
We consider an auction setting in which bidders, even if they fail to obtain the good, care about the price paid by the winner. We study the impact of these price externalities on the first-price auction and the second-price auction in a symmetric information framework. We establish a distinction between price externalities that do not depend on the identity of the winner and price externalities that depend on the identity of the winner. We prove that the outcome of the first-price auction is… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.

Explore Further: Topics Discussed in This Paper

Citations

Publications citing this paper.
Showing 1-3 of 3 extracted citations

References

Publications referenced by this paper.
Showing 1-10 of 15 references

Strategic Non - Participation ”

P Jehiel, B Moldovanu
1996
View 4 Excerpts
Highly Influenced

Initial Shareholding and Overbidding in Takeover Contests

M Burkart
Journal of Finance, • 1995
View 4 Excerpts
Highly Influenced

How ( Not ) to Raise Money ” , Mimeo Amsterdam University

J L Turner
2002
View 1 Excerpt

Charity Auctions”, Working Paper, University of Virginia

M Engers, B McManus
2001
View 1 Excerpt

Auctions with downstream interaction among buyers

P Jehiel, B Moldovanu
Rand Journal of Economics, • 2000
View 2 Excerpts

Similar Papers

Loading similar papers…