Auctions Versus Private Negotiations in Buyer-Seller Networks
Buyer-seller networks where price is determined by an ascending-bid auction are important in many economic examples such as certain real estate markets, radio spectrum sharing, and buyer-supplier networks. However, it may be that some sellers are better off not participating in the auction. We consi...
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| Format: | Article |
| Language: | English |
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MDPI AG
2016-08-01
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| Series: | Games |
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| Online Access: | http://www.mdpi.com/2073-4336/7/3/22 |