Topics in microeconomics - industrial organization, auctions, and incentives (repr.)
نویسنده
چکیده
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منابع مشابه
Institute of Economics University of Copenhagen Compet
The theory of competitive auctions offers a coherent framework for modelling coordination frictions as a non-cooperative game. The theory represents an advancement over cooperative approaches that make exogenous assumptions about how output is divided between buyers and sellers and about the forces that bring buyers and sellers into local markets. Moreover, unlike price posting models, which fi...
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