摘要：In a 1993 paper in the Journal of Industrial Economics, Carey studies theproblem of reservation price announcement in sealed bid procurement auctions. Assuming that the auctioneer/monopsonist has a self-supply option and is motivated bythe desire to minimize the expected total cost of procurement, she investigates theauctioneer's decision to announce a reservation price and the level at which it shouldbe set. Carey's analysis includes some errors, however. This comment proposescorrections. I begin by describing the auction setting.
