Asking Prices as Commitment Devices

DOI10.2307/2527250MaRDI QIDQ4715243zbMATH OpenOpenAlexFDO

Authors Yongmin Chen, Robert W. Rosenthal

Publication date 12 November 1996

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2527250

zbMATH Keywords

duopolistic competitionmonopolypotential buyer

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

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• Information frictions and housing market dynamics
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• Meet the lemons: an experiment on how cheap-talk overcomes adverse selection in decentralized markets
• Competition with list prices
• The buy price in auctions with discrete type distributions
• Housing market discount rates: evidence from bargaining and bidding wars

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