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A buyer with downward slopping demand faces a number of unit supply sellers. The paper characterizes optimal auctions in this setting. For the symmetric case, a uniform auction (with price equal to lowest rejected offer) is optimal when complemented with reserve prices for different quantities...
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developed countries and with the emerging literature on monopsony power, we first show that a higher level of concentration is … a countervailing role against monopsony power, as in highly-unionized sectors, the effect of higher concentration on …
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