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Browsing by Author "Jeitschko, Thomas D."
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1999-08-01BuchAuctions when Bidders Prepare by Investing in Ideas Jeitschko, Thomas D.; Wolfstetter, Elmar
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1998-07-01BuchScale Economies and the Dynamics of Recurring Auctions Jeitschko, Thomas D.; Wolfstetter, ElmarWe analyze the dynamics of a game of sequential bidding in the presence of stochastic scale effects in the form of stochastic economies or diseconomies of scale. We show that economies give rise to declining expected ...