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A comparison of auctions and multilateral negotiations
- Source :
- RAND Journal of Economics. Spring 2002, Vol. 33 Issue 1, p140, 16 p.
- Publication Year :
- 2002
-
Abstract
- We compare first-price auctions to an exchange process that we term 'multilateral negotiations.' In multilateral negotiations, a buyer solicits price offers for a homogeneous product from sellers with privately known [...]
- Subjects :
- Economics -- Analysis
Markets (Economics) -- Analysis
Business
Economics
Analysis
Subjects
Details
- Language :
- English
- ISSN :
- 07416261
- Volume :
- 33
- Issue :
- 1
- Database :
- Gale General OneFile
- Journal :
- RAND Journal of Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.86055363