نتایج جستجو برای: the resale delgosha versified history book
تعداد نتایج: 16115067 فیلتر نتایج به سال:
We study how resale affects auctions with costly entry in a model where bidders possess twodimensional private information signals: entry costs and valuations. We establish the existence of symmetric entry equilibrium and identify sufficient conditions under which the equilibrium is unique. Our analysis suggests that the opportunity of resale affects both entry and bidding, and, in particular, ...
Mark J. Roberts and Dylan Supina Industrial Orgaruzation, Volume 9, pages 1-36. ~~pyright © 2000 by Elsevier Science Inc. ~u rights of reproduction in any form reserved. ISBN: 0-7623-0687-4 This chapter provides empirical evidence on the extent of producer heterogeneity in the output market by analyzing output price and price marginal cost markups at the plant level for thirteen homogeneous ma...
We analyze first-price auctions with two asymmetric bidders, where the winner can offer the good for resale to the loser. One bidder has a private value for the good, the other bidder—the speculator—has zero value. We show that, independently of the resale market rules, the speculator’s expected profit equals zero. Nevertheless, the opportunity for resale can create a role for an active specula...
We establish the bid-equivalence between an independent private-value (IPV) rst-price auction model with resale and a model of rst-price common-value auctions. The common value is de ned by the transaction price when trade takes place. When there is no trade, the common value is de ned through a monotonic extension of the resale price function. We show bid equivalence when (1) there are two b...
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