Auctions with endogenous valuations: the snowball effect revisited

B-Tier
Journal: Economic Theory
Year: 1999
Volume: 13
Issue: 2
Pages: 377-391

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

This paper looks at the determination of ownership of capacity when there are two ex-ante symmetric agents bidding for many units of capacity which are sold sequentially. It is shown that convexity of payoffs in the final stage of the game is sufficient to ensure monopolization of capacity, but that increasing returns to scale are not sufficient to ensure monopolization.

Technical Details

RePEc Handle
repec:spr:joecth:v:13:y:1999:i:2:p:377-391
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25