| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5102124 | Mathematical Social Sciences | 2017 | 5 Pages |
Abstract
This paper considers a model in which a single buyer seeks to buy a continuum of objects from a continuum of sellers. The sellers specify prices at which they are willing to sell their objects to the buyer, and the buyer then decides which objects to purchase. I illustrate that the buyer has an incentive to commit to a binding budget constraint before seeking offers from the sellers.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Patrick Hummel,