Moen, Espen R. (contributor); Riis, Christian (contributor) - 2005
*
By
Espen R Moen
Norwegian School of Management and CEPR
and
Christian Riis
Norwegian School of Management … reservation price
(Burguet and Sakovics 1996).
3
To our knowledge there are no papers that explicitly model entry. Spier … production cost equal to c < 1, which is common knowledge.
We refer to the buyer B and the seller S as the incumbent agents …