{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,23]],"date-time":"2026-02-23T20:17:02Z","timestamp":1771877822608,"version":"3.50.1"},"reference-count":36,"publisher":"Elsevier BV","issue":"1","license":[{"start":{"date-parts":[[2003,1,1]],"date-time":"2003-01-01T00:00:00Z","timestamp":1041379200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/tdm\/userlicense\/1.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Journal of Economic Theory"],"published-print":{"date-parts":[[2003,1]]},"DOI":"10.1016\/s0022-0531(02)00010-8","type":"journal-article","created":{"date-parts":[[2003,3,25]],"date-time":"2003-03-25T23:24:25Z","timestamp":1048634665000},"page":"72-110","source":"Crossref","is-referenced-by-count":134,"title":["Auctions with private uncertainty and resale opportunities"],"prefix":"10.1016","volume":"108","author":[{"given":"Philip A.","family":"Haile","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"78","reference":[{"key":"10.1016\/S0022-0531(02)00010-8_BIB1","first-page":"501","article-title":"Testing for price anomalies in real-estate auctions","volume":"82","author":"Ashenfelter","year":"1992","journal-title":"Amer. Econom. Rev."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB2","doi-asserted-by":"crossref","unstructured":"L. Ausubel, P. C. Cramton, The optimality of being efficient, Working paper, University of Maryland, 1999.","DOI":"10.1596\/1813-9450-1985"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB3","doi-asserted-by":"crossref","first-page":"19","DOI":"10.1006\/game.2001.0879","article-title":"Symmetric separating equilibria in English auctions","volume":"38","author":"Bikhchandani","year":"2002","journal-title":"Games Econom. Behav."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB4","doi-asserted-by":"crossref","first-page":"311","DOI":"10.1093\/rfs\/2.3.311","article-title":"Auctions with resale markets","volume":"3","author":"Bikhchandani","year":"1989","journal-title":"Rev. Finan. Stud."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB5","doi-asserted-by":"crossref","first-page":"345","DOI":"10.1111\/j.1430-9134.1995.00345.x","article-title":"Auctioning the airwaves","volume":"4","author":"Chakravorti","year":"1995","journal-title":"J. Econom. Management Strategy"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB6","doi-asserted-by":"crossref","first-page":"267","DOI":"10.1111\/j.1430-9134.1995.00267.x","article-title":"Money out of thin air","volume":"4","author":"C. Cramton","year":"1995","journal-title":"J. Econom. Management Strategy"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB7","first-page":"408","article-title":"The swing voter's curse","volume":"86","author":"J. Fedderson","year":"1996","journal-title":"Amer. Econom. Rev."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB8","doi-asserted-by":"crossref","first-page":"220","DOI":"10.1111\/1468-2354.00093","article-title":"Sequential procurement with subcontracting","volume":"41","author":"Gale","year":"2000","journal-title":"Internat. Econom. Rev."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB9","doi-asserted-by":"crossref","first-page":"644","DOI":"10.1086\/261891","article-title":"Adverse selection in the wholesale used car market","volume":"101","author":"Genesove","year":"1993","journal-title":"J. Polit. Economy"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB10","unstructured":"J. K. Goeree, Bidding for the future, signaling in auctions with an aftermarket, Working paper, University of Virginia, 2001."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB11","doi-asserted-by":"crossref","first-page":"181","DOI":"10.1016\/S0165-1765(99)00063-4","article-title":"First price auctions with resale","volume":"64","author":"Gupta","year":"1999","journal-title":"Econom. Lett."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB12","unstructured":"P. A. Haile, Auctions with resale, Working paper, University of Wisconsin, 1996."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB13","doi-asserted-by":"crossref","unstructured":"P. A. Haile, Auctions with private uncertainty and resale opportunities, SSRI Working Paper 9801R, University of Wisconsin-Madison, 1999.","DOI":"10.2139\/ssrn.60768"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB14","doi-asserted-by":"crossref","first-page":"231","DOI":"10.1006\/game.1999.0781","article-title":"Partial pooling at the reserve price in auctions with resale opportunities","volume":"33","author":"A. Haile","year":"2000","journal-title":"Games Econom. Behav."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB15","doi-asserted-by":"crossref","first-page":"399","DOI":"10.1257\/aer.91.3.399","article-title":"Auctions with resale markets","volume":"91","author":"A. Haile","year":"2001","journal-title":"Amer. Econom. Rev."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB16","unstructured":"J. Hausman, D. Wittman, Analysis and recommendations for FCC PCS spectrum auctions, Attachment to Comments of Pactel, FCC PP Docket, 1993, pp. 93\u2013253."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB17","doi-asserted-by":"crossref","first-page":"553","DOI":"10.2307\/2555733","article-title":"Bertrand competition with subcontracting","volume":"20","author":"I. Kamien","year":"1989","journal-title":"Rand J. Econom."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB18","doi-asserted-by":"crossref","unstructured":"K. Krishna, L. H. Tan, Transferable licenses vs. nontransferable licenses: what is the difference?, Working paper, Pennsylvania State University, 1998.","DOI":"10.1111\/1468-2354.00040"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB19","doi-asserted-by":"crossref","first-page":"379","DOI":"10.2307\/2938208","article-title":"The principle-agent model with an informed principle","volume":"58","author":"Maskin","year":"1990","journal-title":"Econometrica"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB20","first-page":"669","article-title":"Auctions and bidding","volume":"25","author":"P. McAfee","year":"1987","journal-title":"J. Econom. Lit."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB21","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/0022-0531(87)90113-X","article-title":"Auctions with a stochastic number of bidders","volume":"43","author":"P. McAfee","year":"1987","journal-title":"J. Econom. Theory"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB22","unstructured":"R. P. McAfee, D. C. Quan, D. R. Vincent, How to set minimum acceptable bids, with and application to real estate auctions, J. Industrial Econom., forthcoming."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB23","doi-asserted-by":"crossref","first-page":"145","DOI":"10.1257\/jep.8.3.145","article-title":"Selling spectrum rights","volume":"8","author":"McMillan","year":"1994","journal-title":"J. Econom. Perspect."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB24","first-page":"380","article-title":"Good news and bad news","volume":"12","author":"R. Milgrom","year":"1981","journal-title":"RAND J. Econom."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB25","doi-asserted-by":"crossref","first-page":"921","DOI":"10.2307\/1912511","article-title":"Rational expectations, information acquisition, and competitive bidding","volume":"49","author":"R. Milgrom","year":"1981","journal-title":"Econometrica"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB26","series-title":"Social Goals and Social Organization: Essays in Memory of Elisha Pazner","first-page":"261","article-title":"The economics of competitive bidding: a selective survey","author":"R. Milgrom","year":"1985"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB27","series-title":"Advances in Economic Theory: Fifth World Congress","first-page":"1","article-title":"Auction theory","author":"R. Milgrom","year":"1987"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB28","doi-asserted-by":"crossref","first-page":"1089","DOI":"10.2307\/1911865","article-title":"A theory of auctions and competitive bidding","volume":"50","author":"R. Milgrom","year":"1982","journal-title":"Econometrica"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB29","doi-asserted-by":"crossref","first-page":"58","DOI":"10.1287\/moor.6.1.58","article-title":"Optimal auction design","volume":"6","author":"B. Myerson","year":"1981","journal-title":"Math. Oper. Res."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB30","doi-asserted-by":"crossref","first-page":"1247","DOI":"10.2307\/2171736","article-title":"The loser's curse and information aggregation in common value auctions","volume":"65","author":"Pesendorfer","year":"1997","journal-title":"Econometrica"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB31","first-page":"381","article-title":"Optimal auctions","volume":"71","author":"G. Riley","year":"1981","journal-title":"Amer. Econom. Rev."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB32","doi-asserted-by":"crossref","first-page":"32","DOI":"10.1006\/game.1996.0093","article-title":"Simultaneous auctions with synergies and common values","volume":"17","author":"W. Rosenthal","year":"1996","journal-title":"Games Econom. Behav."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB33","doi-asserted-by":"crossref","first-page":"364","DOI":"10.1287\/mnsc.40.3.364","article-title":"Modeling competitive bidding","volume":"40","author":"H. Rothkopf","year":"1994","journal-title":"Management Sci."},{"key":"10.1016\/S0022-0531(02)00010-8_BIB34","series-title":"Stochastic Orders and Their Applications","author":"Shaked","year":"1994"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB35","doi-asserted-by":"crossref","first-page":"433","DOI":"10.1007\/s001990050229","article-title":"Sequential equilibria of asymmetric ascending auctions","volume":"12","author":"Wilson","year":"1998","journal-title":"Econom. Theory"},{"key":"10.1016\/S0022-0531(02)00010-8_BIB36","doi-asserted-by":"crossref","first-page":"2197","DOI":"10.1111\/j.1468-0262.2002.00438.x","article-title":"An optimal auction with resale","volume":"70","author":"Zheng","year":"2002","journal-title":"Econometrica"}],"container-title":["Journal of Economic Theory"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0022053102000108?httpAccept=text\/xml","content-type":"text\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0022053102000108?httpAccept=text\/plain","content-type":"text\/plain","content-version":"vor","intended-application":"text-mining"}],"deposited":{"date-parts":[[2020,3,18]],"date-time":"2020-03-18T01:44:46Z","timestamp":1584495886000},"score":1,"resource":{"primary":{"URL":"https:\/\/linkinghub.elsevier.com\/retrieve\/pii\/S0022053102000108"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2003,1]]},"references-count":36,"journal-issue":{"issue":"1","published-print":{"date-parts":[[2003,1]]}},"alternative-id":["S0022053102000108"],"URL":"https:\/\/doi.org\/10.1016\/s0022-0531(02)00010-8","relation":{},"ISSN":["0022-0531"],"issn-type":[{"value":"0022-0531","type":"print"}],"subject":[],"published":{"date-parts":[[2003,1]]}}}