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    • Why do bidders drop out from a sequential auction 

      Menezes, Flavio Marques; Engelbrecht-Wiggans, Richard (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2000-01-26)
      In actual sequential auctions, 1) bidders typically incur a cost in continuing from one sale to the next, and 2) bidders decide whether or not to continue. To investigate the question 'why do bidders drop out,' we define ...