On the incidence of commissions in auction markets
نویسندگان
چکیده
منابع مشابه
How to win twice at an auction On the incidence of commissions in auction markets
We analyze the welfare consequences of an increase in the commissions charged by intermediaries in auction markets. We argue that while commissions are similar to taxes imposed on buyers and sellers the question of incidence deserves a new treatment in auction markets. We show that an increase in commissions makes sellers worse o¤, but buyers may strictly gain. The results are therefore strikin...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2010
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2010.02.014