Why Do Sellers (Usually) Prefer Auctions?
We compare the most common methods for selling a company or other asset when participation is costly: a simple simultaneous auction, and a sequential process in which potential buyers decide in turn whether or not to enter the bidding. The sequential process is always more efficient. But pre-emptive...
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| 格式: | Journal article |
| 语言: | English |
| 出版: |
American Economic Association
2009
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