A short proof of the Bulow-Klemperer auctions vs. negotiations result

B-Tier
Journal: Economic Theory
Year: 2006
Volume: 28
Issue: 2
Pages: 449-452

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

Bulow and Klemperer [1] have provided an upper bound on the value of bargaining power for a seller of an indivisible object. Specifically, negotiating optimally with N buyers yields lower revenue than an English auction with N + 1 buyers. In this paper, a short and intuitive proof of this result is presented. Copyright Springer-Verlag Berlin/Heidelberg 2006

Technical Details

RePEc Handle
repec:spr:joecth:v:28:y:2006:i:2:p:449-452
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25