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The effect of entry and information costs on oral versus sealed-bid auctions

โœ Scribed by Richard Engelbrecht-Wiggans

Book ID
117331914
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
58 KB
Volume
70
Category
Article
ISSN
0165-1765

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Models of entry deterrence typically require that incumbents possess a cost advantage as a prerequisite for deterring entry. Potential entrants possess a cost advantage over incumbents, however, if input costs fall over time. This paper models the behavior of an incumbent and a potential entrant whe