Cover Image
QR Code

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...

Full description

Published in:Economic Inquiry Vol. 52; no. 3; pp. 1219 - 1231
Main Authors: HAMMOND, ROBERT G., MORRILL, THAYER
Format: Article
Published: Wiley-Blackwell Jul2014
Subjects:
United States
Consumers
Economics
Automobile auctions
Auctions
Mathematical models
Used car buying
Used car sales & prices
Automobile dealers
Bidders
Online Access:View this record in EBSCOhost