Download or read book Sequential Auctions with Waiting Costs written by Srobonti Chattopadhyay and published by . This book was released on 2014 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: For certain types of goods, the multiple unit auctions have to be conducted sequentially. One probable reason for this is that the different units of the goods are not available together for putting up for sale. This might happen when the objects are available in batches to the auctioneer and do not come together. In such sequential auctions, there may be waiting costs involved for the bidders. This note makes an attempt to look at the bidding behaviour when waiting costs are private information for the bidders and therefore constitute types. The results derived suggest that, in a symmetric, independent, private valuations framework, with risk neutral bidders, there exists a symmetric Perfect Bayesian equilibrium bidding strategy, for which the bids are increasing in types in the first stage and decreasing in types in the second stage.