info:eu-repo/semantics/article
A note on auctions with compulsory partnership
Autor
Monteiro, Paulo K.
Araujo, Aloisio
Damé, Otávio
Costellini, Clara
Institución
Resumen
We study a symmetric, profitt share, common value auction witha twist: One (fixed) Bidder, if not winning the auction, has to entera partnership with the winner, sharing both expenses and revenue atrate (say) 0 < r < 1. We show that it doesn't have an equilibrium inpure strategies.