Title of article :
Bidding between incumbent and entrant
Author/Authors :
Nan Zhou، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Pages :
9
From page :
295
To page :
303
Abstract :
Facing an informed incumbent who has cost advantages in two different states, the uninformed entrant bids cautiously due to the incumbent’s cost advantage in the low cost state. The incumbent bids aggressively, earning additional profits because of his cost advantages.
Keywords :
information asymmetry , auction , cost asymmetry
Journal title :
Economics Letters
Serial Year :
2003
Journal title :
Economics Letters
Record number :
435240
Link To Document :
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