Auctions vs. Negotiations.

Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it forfeits all the seller's negotiating power, including the ab...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoirí: Bulow, J, Klemperer, P
Formáid: Working paper
Teanga:English
Foilsithe / Cruthaithe: National Bureau of Economic Research 1994

Míreanna comhchosúla