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Sequential auctions with synergies: The paradox of positive synergies
Leufkens, Kasper
;
Peeters, Ronald
;
Vermeulen, Dries
- In:
Economics Letters
109
(
2010
)
3
,
pp. 139-141
We show that synergies enhance bidding competition to such an extent that they are a curse rather than a blessing for the bidders.
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