When are Auctions Best?

We compare the two most common bidding processes for selling a company or other asset when participation is costly to buyers. In an auction all entry decisions are made prior to any bidding. In a sequential bidding process earlier entrants can make bids before later entrants choose whether to compet...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	NBER Working Paper Series 2007-07, p.13268
Hauptverfasser:	Klemperer, Paul D, Bulow, Jeremy I
Format:	Artikel
Sprache:	eng
Schlagworte:	Auctions Bids Competition Corporate Finance Costs Economic theory Expected values Prices
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!