Meister, J. Patrick; Anderson, Kyle J. - In: Economic Inquiry 44 (2006) 2, pp. 311-317
In 1995, USAir placed itself for sale in an English auction. Interestingly, no bids were placed. This does not imply that the available firm is not a valuable acquisition. If losing reduces profits, firms wish to avoid a profit-reducing bidding war. However, in a sealed-bid auction (with no...