Endogenous Preemption on Both Sides of a Market

We study a market in which both buyers and sellers can decide to preempt and set their quantities 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 find that preemption tends to be asymmetric 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
Authors:	Müller, Wieland ; Potters, Jan ; Güth, W.
Institutions:	Tilburg University, Center for Economic Research
Subject:	preemption \| endogenous timing

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 2005-92
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011092457