Endogenous preemption on both sides of a market

We study a market in which both buyers and sellers can decide to preempt and set theirquantities before market clearing. Will this lead to preemption on both sides of the market,only one side of the market, or to no preemption at all? We nd that preemption tends to beasymmetric in the sense that it is restricted to only one side of the market (buyers or sellers).

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Year of publication:	2005-08-14
Authors:	Güth, Werner ; Müller, Wieland ; Potters, Jan
Institutions:	Max-Planck-Institut für Ökonomik <Jena> - Abteilung für Strategische Interaktion
Subject:	Experiment \| Experiments \| Spieltheorie \| game theory \| Handelsplatz \| market \| Händler \| Dealers \| Vorkaufsrecht

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Extent:	98304 bytes 9 p. application/pdf
Series:	Max-Planck-Institut für Ökonomik <Jena> - Abteilung für Strategische Interaktion - Papers on Strategic Interaction Experiment ; 2005
Type of publication:	Book / Working Paper
Language:	English
Classification:	C72 - Noncooperative Games ; D43 - Oligopoly and Other Forms of Market Imperfection ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; Strategic management ; Market research ; Study of commerce ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

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