Title of article :
Bidding between incumbent and entrant
Author/Authors :
Nan Zhou، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
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
Journal title :
Economics Letters