haku: @indexterm Games / yhteensä: 259
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| Tekijä: | Klemperer, P. |
| Otsikko: | Auctions with almost common values: The 'Wallet Game' and its applications |
| Lehti: | European Economic Review
1998 : MAY, VOL. 42:3-5, p. 757-769 |
| Asiasana: | MERGERS COMPANIES AUCTIONS GAMES |
| Kieli: | eng |
| Tiivistelmä: | A classroom game, the 'Wallet Game' is used, to show that slight asymmetries btw. bidders can have very large effects on prices in standard ascending (i. e. English) auctions of common-value objects. Applications to Airwaves Auctions and Takeover Battles are discussed, incl. the Glaxo-Wellcome merger. |
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