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
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