Endogenous preemption on both sides of a market

Wieland Müller, Werner Güth (), Jan Potters and Susanne Büchner ()

Discussion Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group

Abstract: We study a market in which both buyers and sellers can decide to preempt and set their quantities before market clearing. Will this lead to preemption on both sides of the market, only one side of the market, or to no preemption at all? We find that preemption tends to be asymmetric in the sense that it is restricted to only one side of the market (buyers or sellers).

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Date: Written 2005-08
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Related works:
Working Paper: Endogenous preemption on both sides of a market (2005)
Journal Article: Endogenous preemption on both sides of a market (2006)
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