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Durham University

Research & business

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Publication details

Li, D.Z. (2017). Ranking Equilibrium Competition in Auctions with Participation Costs. Economics Letters 153: 47-50.

Author(s) from Durham


This paper studies the degrees of equilibrium competition in three common forms of auctions with costly participation, and shows that, when bidders’ valuation distribution is concave, there is a simple condition to rank the equilibrium competition of those auctions. It also investigates how the results are related to stochastic ordering of bidders’ valuation distributions, and provides some illustrative examples.