Title: Some Further Results on the Winner's Rent in the Second-Price Business Auction
Author(s): Maochao Xu and Xiaohu Li
Pages: 124 -- 133
The winner’s rent for a buyer’s auction is shown to be decreasing in the number of bidders according to the mean residual life order if the common distribution of valuations is of decreasing mean residual life. Stochastic comparisons of the conditional winner’s rent are conducted for both buyer’s case and reverse case.