This dissertation studies new bidding behaviors in richer environments where bidders can either communicate or intertemporally interact. We focus on such three perspectives as collusion, strategic information disclosure and intertemporal inference. In the collusion chapter, we propose a framework to investigate the structure of endogenous collusion and show that an endogenously formed ring shall in general be a partial ring. In the information
disclosure chapter, we study the auctioneer's optimal choice of interperiod information release
and show the standard sequential Dutch auction or the sequential ¯rst-price auction with the announcement of each stage's winning bid can generate the highest revenue among all considered sequential auction formats. In the intertemporal inference chapter, we suggest a resale explanation for the price path in sequential auctions with multi-unit demand.
| Identifer | oai:union.ndltd.org:PITT/oai:PITTETD:etd-12142005-225422 |
| Date | 30 March 2006 |
| Creators | Tu, Zhiyong |
| Contributors | Andreas Blume, Esther Gal-Or, Alexander Matros, Jack N. Ochs |
| Publisher | University of Pittsburgh |
| Source Sets | University of Pittsburgh |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.library.pitt.edu/ETD/available/etd-12142005-225422/ |
| Rights | unrestricted, I hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to University of Pittsburgh or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report. |
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