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oligopoly model with an "endogenous valuations" auction model. Thereby, I take into account that, in an oligopoly, a firm …
Persistent link: https://www.econbiz.de/10005419522
which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case … Market Clearing Price rule, only one step is required. That is, within the class of step bidding functions with a finite …
Persistent link: https://www.econbiz.de/10005645307
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