Auctions with Endogenous Valuations : The Snowball Effect Revisited

This paper looks at the determination of ownership of capacity when there are two ex-ante symmetric agents bidding for many units of capacity which are sold sequentially. It is shown that convexity of payoffs in the final stage of the game is sufficient to ensure monopolization of capacity, but that increasing returns to scale are not sufficient to ensure monopolization

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Year of publication:	2001
Authors:	Krishna, Kala
Publisher:	[S.l.] : SSRN
Subject:	Betriebsgröße \| Firm size \| Auktionstheorie \| Auction theory \| Wettbewerb \| Competition \| Oligopol \| Oligopoly
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Theory Volltext nicht verfügbar
Classification:	C72 - Noncooperative Games ; D43 - Oligopoly and Other Forms of Market Imperfection ; D44 - Auctions ; D45 - Rationing; Licensing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014215602