STRATEGIC EXCLUSION OF THE HIGHEST-VALUED BIDDERS IN WHOLESALE AUTOMOBILE AUCTIONS.

By restricting bidders to be qualified dealers, wholesale automobile auctions exclude the bidders who place the highest value on the vehicles: consumers. This article provides an explanation for this puzzling entry restriction by modeling the inventory-management decisions of a firm. If an automobil...

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Publicado en:	Economic Inquiry Vol. 52; no. 3; pp. 1219 - 1231
Autores principales:	HAMMOND, ROBERT G., MORRILL, THAYER
Formato:	Artículo
Publicado:	Wiley-Blackwell Jul2014
Materias:	United States Consumers Economics Automobile auctions Auctions Mathematical models Used car buying Used car sales & prices Automobile dealers Bidders
Acceso en línea:	Ver este registro en EBSCOhost