A note on auctions with compulsory partnership
Revista Brasileira de Economia
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Title |
A note on auctions with compulsory partnership
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Creator |
Monteiro, Paulo K.; EPGE-FGV
Araujo, Aloisio; FGV/EPGE Damé, Otávio; FGV/EPGE Costellini, Clara; FGV/EPGE |
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Subject |
pre-salt auction; equilibrium existence
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Description |
We study a symmetric, profitt share, common value auction witha twist: One (fixed) Bidder, if not winning the auction, has to entera partnership with the winner, sharing both expenses and revenue atrate (say) 0 < r < 1. We show that it doesn't have an equilibrium inpure strategies.
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Publisher |
Escola de Pós-Graduação em Economia da FGV
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Contributor |
CNPq
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Date |
2016-12-26
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Articles Artigos |
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Format |
application/pdf
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Identifier |
http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/64559
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Source |
Revista Brasileira de Economia; v. 70, n. 4 (2016): Out-Dez; 481-486
Revista Brasileira de Economia; v. 70, n. 4 (2016): Out-Dez; 481-486 0034-7140 0034-7140 |
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Language |
eng
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Relation |
http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/64559/63367
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Rights |
Direitos autorais 2016 Revista Brasileira de Economia
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