Ahlberg, Joakim - Transportekonomi, Väg- och Transportforskninginstitut (VTI) - 2008
We propose in this paper a discrete bidding model, both on quantities and in pricing. It has a two-unit demand environment where subjects bid for contracts with an unknown redemption value, common to all bidders. Prior to bidding, the bidders receive private signals of information on the...