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A model of seller handout

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

CollectionsANU Research Publications
Date published: 2004
Type: Journal article
URI: http://hdl.handle.net/1885/75751
Source: Economic Theory
DOI: 10.1007/s00199-003-0432-x

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