| Titre | Un modèle d'enchères de bois sur pied | |
|---|---|---|
| Auteur | Patrice Loisel, Bernard Elyakime | |
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Revue | Economie et prévision |
| Numéro | no 132-133, 1998/1-2 | |
| Rubrique / Thématique | Théorie et applications des mécanismes d'enchères |
|
| Page | 93-101 | |
| Résumé anglais |
Modelling Standing Timber Auctions by Bernard Elyakime and Patrice Loisel
In France, standing timber is often sold by auction with a secret reservation price and vaguely defined quantities. We propose two models in which there is an independent private value and different buyers' and sellers' estimates of quantities: one with a known reservation price and then one with a secret reservation price. We study the buyers' and sellers' strategies for working out the seller's expected revenues with and without a secret reserve price. The seller does better in an auction with a secret reservation price under certain market conditions. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1998_num_132_1_5902 |
