Efficient club formation in a frictional environment

C-Tier
Journal: Economics Letters
Year: 2014
Volume: 125
Issue: 3
Pages: 372-375

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the assignment of agents to clubs in a frictional market environment. Club entry is endogenous and clubs compete by posting reserve prices in a competing auctions game prior to the agents’ decisions regarding which club to visit. The competing auctions equilibrium is constrained efficient and the reserve price in general will not be zero.

Technical Details

RePEc Handle
repec:eee:ecolet:v:125:y:2014:i:3:p:372-375
Journal Field
General
Author Count
3
Added to Database
2026-01-25