The buyer solicits bids from suppliers with different cost distributions defined by their capacities. The expected market share of each supplier is the ratio of its capacity to the industry capacity. The buyer's optimal reserve price declines with increases in the concentration of the industry....

The buyer solicits bids from suppliers with different cost distributions defined by their capacities. The expected market share of each supplier is the ratio of its capacity to the industry capacity. The buyer's optimal reserve price declines with increases in the concentration of the industry....

The buyer solicits bids from suppliers with different cost distributions defined by their capacities. The expected market share of each supplier is the ratio of its capacity to the industry capacity. The buyer's optimal reserve price declines with increases in the concentration of the industry....

Here we analyze how, in an open procurement auction, cost reductions among suppliers bidding to sell to a buyer affect the payoffs to the buyer and suppliers. When a single supplier enjoys a reduction in cost, its increase in expected payoff is equal to the expected increase in total surplus...

Miller (2014, 2017) proposes an approach to the analysis of merger effects in markets involving procurement where one of the two product lines is discontinued. This note proves that, as presented in Miller (2014, 2017) and applied to a number of actual merger cases, eliminating one of the two...

This paper presents a model of competition in privacy and/or quality offered to consumers in two-sided online markets in which revenue is derived from advertising or the selling of user data. I review a number of the previously reported barriers to including a loss of competition over privacy...