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Supply function competition with asymmetric costs: Theory and experiment

Andreas Hefti and Peiyao Shen

Economics Letters, 2019, vol. 178, issue C, 24-27

Abstract: We study a multi-unit auction, where bidders differ in their marginal costs, and compare the outcome to the Bertrand (or single-unit auction) analogue.

Keywords: Supply function competition; Market power; Multi-unit auction (search for similar items in EconPapers)
JEL-codes: C72 D44 L13 (search for similar items in EconPapers)
Date: 2019
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