AUCTIONS WITH NONCOMPETITIVE SALES

Authors
ENGELBRECHTWIGGANS R
Citation
R. Engelbrechtwiggans, AUCTIONS WITH NONCOMPETITIVE SALES, Games and economic behavior, 16(1), 1996, pp. 54-64
Citations number
5
Categorie Soggetti
Economics
Journal title
Games and economic behavior → ACNP
ISSN journal
08998256
Volume
16
Issue
1
Year of publication
1996
Pages
54 - 64
Database
ISI
SICI code
0899-8256(1996)16:1<54:AWNS>2.0.ZU;2-G
Abstract
We present a model of multiunit auctions in which some of the units ma y be sold before the auction (i.e., ''noncompetitively'') at a price t o be established by the auction. All potential buyers have similar inf ormation and costs. But, at equilibrium, some buy noncompetitively whi le the remainder bid in the auction, and the seller benefits from allo wing noncompetitive sales. (C) 1996 Academic Press, Inc.