A Comparison of Auctions and Multilateral Negotiations by Federal Trade Commission

A Comparison of Auctions and Multilateral Negotiations

Federal Trade Commission

42 pages missing pub info (editions)

nonfiction business economics medium-paced
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Description

We compare the well-known first-price auction with a common but previously unexamined exchange process that we term "multilateral negotiations." In multilateral negotiations, a buyer solicits price offers for a homogeneous product from sellers wit...

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