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We compare the two most common bidding processes for selling a company or other asset when participation is costly to …
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We compare the two most common bidding processes for selling a company or other asset when participation is costly to …
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We study the steady state of a market with incoming cohorts of buyers and sellers who are matched pairwise and bargain under private information. We first consider generalized random-proposer take-it-or-leave-it offer games (GRP TIOLI games). This class of games includes a simple random-proposer...
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