Personalized prices and uncertainty in monopsony

We analyze personalized pricing by a monopsonist facing a finite number of ex ante identical, capacity constrained suppliers with privately known costs. When the distribution of costs is sufficiently smooth and regular, the buyer chooses to make the same offer to all suppliers, leading to a posted p...

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Bibliographic Details
Main Authors: Burguet, R. (Author), Sákovics, J. (Author)
Format: Article
Language:English
Published: Elsevier Inc. 2019
Subjects:
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