Competition among Sellers in Securities Auctions
We study simultaneous security-bid second-price auctions with competition among sellers for potential bidders. The sellers compete by designing ordered sets of securities that the bidders can offer as payment for the assets. Upon observing auction designs, potential bidders decide which auctions to...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association
2012
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| Online Access: | http://hdl.handle.net/1721.1/75365 https://orcid.org/0000-0002-6429-850X |