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文章基本信息

  • 标题:A note on auctions with compulsory partnership
  • 本地全文:下载
  • 作者:Paulo K. Monteiro ; Aloisio Araujo ; Otávio Damé
  • 期刊名称:Revista Brasileira de Economia
  • 印刷版ISSN:0034-7140
  • 出版年度:2016
  • 卷号:70
  • 期号:4
  • 页码:481-486
  • 语种:English
  • 出版社:Escola de Pós-Graduação em Economia da FGV
  • 摘要:We study a symmetric, profitt share, common value auction with a twist: One (fixed) Bidder, if not winning the auction, has to enter a partnership with the winner, sharing both expenses and revenue at rate (say) 0 < r < 1. We show that it doesn't have an equilibrium in pure strategies.
  • 其他摘要:We study a symmetric, profitt share, common value auction with a twist: One (fixed) Bidder, if not winning the auction, has to enter a partnership with the winner, sharing both expenses and revenue at rate (say) 0 < r < 1. We show that it doesn't have an equilibrium in pure strategies.
  • 关键词:pre-salt auction;equilibrium existence
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