Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10010220013
Persistent link: https://www.econbiz.de/10010378621
Persistent link: https://www.econbiz.de/10011455393
We consider a procurement auction, where each supplier has private costs and submits a stepped supply function. We solve for a Bayesian Nash equilibrium and show that the equilibrium has a price instability in the sense that a minor change in a supplier.s cost sometimes result in a major change...
Persistent link: https://www.econbiz.de/10011404742
Persistent link: https://www.econbiz.de/10011739066
Persistent link: https://www.econbiz.de/10013366390