Auctions with Frictions: Recruitment, Entry, and Limited Commitment.

Auction models are convenient abstractions of informal price-formation processes that arise in markets for assets or services. These processes involve frictions like bidder recruitment costs for sellers, participation costs for bidders, and limitations on sellers' commitment abilities. This paper de...

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Publicado en:	Review of Economic Studies Vol. 93; no. 2; pp. 1167 - 1200
Autores principales:	Lauermann, Stephan, Wolinsky, Asher
Formato:	Artículo
Publicado:	Oxford University Press / USA Mar2026
Materias:	Economic competition Cost Auctions Transaction costs Economic efficiency Bidders Market prices
Acceso en línea:	Ver este registro en EBSCOhost