Answers are grounded in this paper and cite their sources.
I. Introduction, 38. — II. Review and development of Stigler's original model, 39. — III. The effect of dependence among the prices offered, 44. — IV. The sequential rule for Stigler's model, 45. — V. Implications and comments, 49.
No takes yet. Share an insight, caveat, or question.
Joseph L. Gastwirth (1976) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: