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...

詳細記述

書誌詳細
主要な著者: Bulow, J, Klemperer, P
フォーマット: Working paper
言語:English
出版事項: National Bureau of Economic Research 1994

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