Title of article
Erratum to “The uniform price auction with endogenous supply”
Author/Authors
Damian S. Damianov، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
7
From page
134
To page
140
Abstract
This paper shows that low-price equilibria in the uniform price auction with endogenous supply do not exist if the seller employs the proportional rationing rule and is consistent when selecting among profit-maximizing quantities. In a (consistent) subgame perfect equilibrium the Walrasian quantities are traded at the Walrasian price.
Keywords
Endogenous supply , Consistency , Proportional rationing
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435781
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