Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - Departamento de Economía, Universidad Carlos III de Madrid - 2014
In many markets, sellers advertise their good with an asking price. This is a price at which the seller will take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the seller...
