Brasil
Revista Brasileira de Economia
Tabla de contenido Anterior Actual Siguiente
Tabla de contenido
Articles • Rev. Bras. Econ. 70 (4) • Oct-Dec 2016 • https://doi.org/10.5935/0034-7140.20160025 linkcopy

Open-access A Note on Auctions with Compulsory Partnership*

AuthorshipSCIMAGO INSTITUTIONS RANKINGS

Abstract

We study a symmetric, profit share, common value auction with a twist: One (fixed) Bidder, if not winning the auction, has to enter a partnership with the winner, sharing both expenses and revenue at rate (say) 0 < λ < 1. We show that it doesn't have an equilibrium in pure-strategies.

Keywords:
Pre-Salt Auction; Production Share; Equilibrium Existence

location_on
Fundação Getúlio Vargas Praia de Botafogo, 190 11º andar, 22253-900 Rio de Janeiro RJ Brazil, Tel.: +55 21 3799-5831 , Fax: +55 21 2553-8821 - Rio de Janeiro - RJ - Brazil
E-mail: rbe@fgv.br
rss_feed Acompañe los números de esta revista en su lector de RSS
Notificar error