Pre-auction or post-auction qualification?
Refereed Journal // 2016We compare auctions with bidder qualification before or after the bidding process. We show that although post-auction qualification is more efficient, the auctioneer prefers pre-auction qualification when bidders’ qualification costs are high.
Gillen, Philippe, Vitali Gretschko and Alexander Rasch (2016), Pre-auction or post-auction qualification?, Economic Theory Bulletin