Article ID Journal Published Year Pages File Type
5061514 Economics Letters 2009 4 Pages PDF
Abstract
We compare equilibria with sequential and simultaneous moves under homogeneous-good Bertrand competition when unit costs are private information. Under an alternative interpretation, we examine the consequences of awarding a right of first refusal in a first-price procurement auction with endogenous quantity.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Simultaneous vs. sequential price competition with incomplete information
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