Sequential auctions of endogenously valued objects (Q5954143)
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scientific article; zbMATH DE number 1698593
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Sequential auctions of endogenously valued objects |
scientific article; zbMATH DE number 1698593 |
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Sequential auctions of endogenously valued objects (English)
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18 February 2002
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This paper studies the determination of price and market share in a market where well-informed duopolists or bid duopolists bid sequentially for the trade of a finite number of buyers and sellers. It is shown that the two buyers are most aggressive in bidding for the early units, regardless of the schedule of prizes. This paper generalizes the models of Gale and is an interesting one.
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sequential auctions
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Nash equilibrium
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market structure
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