Expectations, market structure, and sequential bid pricing

Southern Economic Journal
By:  and 

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Abstract

Public agencies are frequently constrained to procure goods and services in sealed tender  markets. Pricing decisions of firms participating in such markets have been analyzed for both static and dynamic situations.  As might be anticipated, the decision rules obtained  in these analyses depend in an integral way on the firm's perception of the behavior of other market participants. It is this aspect of the pricing problem to which our paper is directed. 

Publication type Article
Publication Subtype Journal Article
Title Expectations, market structure, and sequential bid pricing
Series title Southern Economic Journal
DOI 10.2307/1056559
Volume 42
Issue 1
Year Published 1975
Language English
Publisher Southern Economic Association
Contributing office(s) Eastern Energy Resources Science Center
Description 15 p.
First page 18
Last page 32
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