Jump bidding in ascending auctions: The case of takeover contests

被引：9

作者：

At, Christian ^{[1
]}

Morand, Pierre-Henri ^{[1
]}

机构：

[1] Univ Franche Comte, CRESE, UFR SJEPG, F-25030 Besancon, France

来源：

ECONOMICS LETTERS | 2008年 / 99卷 / 03期

关键词：

free-riding; takeover; jump bids;

D O I：

10.1016/j.econlet.2007.09.028

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyses jump bidding in ascending auctions in the case of takeover contests. The free riding condition explains that some jumps can occur driven by the own bidders free-rider condition. We also show that ascending auction can be inefficient. (C) 2007 Elsevier B.V. All rights reserved.

引用

页码：458 / 460

页数：3

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