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The ratchet effect and bargaining power in a two-stage model of competitive bidding

โœ Scribed by Keith Waehrer


Publisher
Springer
Year
1999
Tongue
English
Weight
128 KB
Volume
13
Category
Article
ISSN
0938-2259

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โœ Yihong Du ๐Ÿ“‚ Article ๐Ÿ“… 2002 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 256 KB

We study the competition model ห›ut (x, t) -d 1 (x) Du(x, t) where the coefficient functions are strictly positive over the underlying spatial region W except b(x), which vanishes in a nontrivial subdomain of W, and is positive in the rest of W. We show that there exists a critical number l g such t