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	Bundling decisions in multi-objects auctions with optimal reserve prices
	Chen, Yanbin1; Li, Sanxi1; Yu, Jun2,3
刊名	ECONOMICS LETTERS
	2018-02
卷号	163页码:141-145
关键词	Auction Bundling Reserve prices Multiobjects
ISSN号	0165-1765
DOI	10.1016/j.econlet.2017.11.015
英文摘要	This paper investigates a seller's bundling decision when he/she sells multiple objects to two potential buyers through auctions in which he/she can optimally set reserve prices. We show how the optimal reserve prices in bundled/separate auctions and the seller's bundling decisions are affected by the correlations of the valuations across buyers and objects. Interestingly, when each object's valuations are sufficiently negatively correlated across buyers, the seller's revenue is higher under unbundling than under bundling. The result is in contrast with that obtained by Palfrey (1983), who showed that, without considering optimal reserve prices, the seller's revenue is always higher under bundling regardless of correlations across either buyers or objects when there are two buyers. (C) 2017 Elsevier B.V. All rights reserved.
WOS研究方向	Business & Economics
语种	英语
出版者	ELSEVIER SCIENCE SA
WOS记录号	WOS:000424181900034
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/706]
专题	上海财经大学
通讯作者	Li, Sanxi
作者单位	1.Renmin Univ China, Sch Econ, Beijing 100872, Peoples R China; 2.Shanghai Univ Finance & Econ, Sch Econ, Shanghai 200433, Peoples R China; 3.SUFE, Minist Educ, Key Lab Math Econ, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	Chen, Yanbin,Li, Sanxi,Yu, Jun. Bundling decisions in multi-objects auctions with optimal reserve prices[J]. ECONOMICS LETTERS,2018,163:141-145.
APA	Chen, Yanbin,Li, Sanxi,&Yu, Jun.(2018).Bundling decisions in multi-objects auctions with optimal reserve prices.ECONOMICS LETTERS,163,141-145.
MLA	Chen, Yanbin,et al."Bundling decisions in multi-objects auctions with optimal reserve prices".ECONOMICS LETTERS 163(2018):141-145.

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