Skip navigation
Skip navigation

Endogenous Transactions Costs in Multi-Seller Model

Menezes, Flavio; Pitchford, Rohan


We examine the problem of a buyer who wishes to purchase and combine <i>n</i> objects owned by <i>n</i> individual owners to realize a higher value. The owners are able to delay their entry into the sale process: They can either sell now or sell later. Among other assumptions, the simple assumption of competition - that the presence of more owners at point of sale reduces their surplus - and discounting lead to interesting results: There is costly delay in equilibrium. Moreover, with...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Working/Technical Paper


File Description SizeFormat Image
wp399.pdf238.4 kBAdobe PDFThumbnail

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

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator