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This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theortical properties, there are behavioral aspects that are...
Persistent link: https://www.econbiz.de/10009323347
industries. It addresses two questions. Has the free trade agreement between the EC and EFTA reinforced the disciplinary effect … competition of the free trade agreement, even though the disciplinary effect of imports originating from the less developed …
Persistent link: https://www.econbiz.de/10010818366