Skip navigation
Skip navigation

A model of seller holdout

Menezes, Flavio; Pitchford, Rohan

Description

We model a buyer who wishes to combine objects owned by two separate sellers in order to realize higher value. Sellers are able to avoid entering into negotiations with the buyer, so that the order in which they negotiate is endogenous. Holdout occurs if at least one of the sellers is not present in the first round of negotiations. We demonstrate that complementarity of the buyer’s technology is a necessary condition for equilibrium holdout. Moreover, a rise in complementarity leads to an...[Show more]

CollectionsANU Research Publications
Date published: 2002
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/40259
http://digitalcollections.anu.edu.au/handle/1885/40259

Download

File Description SizeFormat Image
1479-01.2003-06-19T04:36:03Z.xsh350 BEPrints MD5 Hash XML
wp425.pdf451.35 kBAdobe PDFThumbnail


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  23 August 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator