Political Business Cycles in Local Employment

ArticleinSSRN Electronic Journal · January 2005with23 Reads
DOI: 10.2139/ssrn.775365 · Source: RePEc
I modify the uniform-price auction rules in allowing the seller to ration bidders. This allows me to provide a strategic foundation for underpricing when the seller has an interest in ownership dispersion. Moreover, many of the so-called "collusive-seeming" equilibria disappear.
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    Full-text · Article · Feb 2006 · SSRN Electronic Journal
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