Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:A Comparison Of Auctions And Multilateral NegotiationsISBN13:9781502365460ISBN10:1502365464Author:Federal Trade Commission (Author)Description:(This is a RePrint) - 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 With Heterogeneous Costs, And Then Plays The Sellers Off One Another To Obtain Additional Price Concessions Using Experimental Methods, We Find That Transaction Prices Are Statistically Indistinguishable In The Two Institutions With A Sufficiently Large Number Of Sellers, But That Prices Are Higher In Multilateral Negotiations Than In First-Price Auctions As The Number Of Sellers Decreases With Fewer Sellers, The Institutions Are Equally Efficient, But With More Sellers, There Is Some Evidence That Multilateral Negotiations Are Slightly More Efficient Binding:Paperback, PaperbackPublisher:Createspace Independent Publishing PlatformPublication Date:2014-09-14Weight:0.27 lbsDimensions:0.11'' H x 11.02'' L x 8.5'' WNumber of Pages:42Language:English
Price: 18.94 USD
Location: USA
End Time: 2024-09-28T11:26:03.000Z
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Book Title: Comparison of Auctions and Multilateral Negotiations
Number of Pages: 40 Pages
Language: English
Publisher: CreateSpace
Topic: Purchasing & Buying
Publication Year: 2014
Item Height: 0.1 in
Genre: Business & Economics
Item Weight: 5.5 Oz
Author: Federal Trade Federal Trade Commission
Item Length: 11 in
Item Width: 8.5 in
Format: Trade Paperback
