The Effect of Offer Verifiability on the Relationship Between Auctions and Multilateral Negotiations by Federal Trade Commission

The Effect of Offer Verifiability on the Relationship Between Auctions and Multilateral Negotiations

Federal Trade Commission

30 pages • missing pub info (editions)

nonfiction business economics medium-paced
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Description

The federal trade commission uses the experimental method to compare second-price auctions to "verifiable" multilateral negotiations in which the sole buyer can credibly reveal to sellers the best price offer it currently holds. The federal trade ...

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