Vohra, Rajiv; Cho, In-Koo; Jewell, Kevin - In: Economic Theory 19 (2002) 3, pp. 435-457
We analyze a model of coalitional bidding in which coalitions form endogenously and compete with each other. Since the … nature of this competition influences the way in which agents organize themselves into coalitions, our main aim is to … allowed to form coalitions to pool their finances before engaging in the first price auction. We show that if the budget …