EconPapers    
Economics at your fingertips  
 

Endogenous budget constraints

Patrick Hummel

Mathematical Social Sciences, 2017, vol. 88, issue C, 11-15

Abstract: This paper considers a model in which a single buyer seeks to buy a continuum of objects from a continuum of sellers. The sellers specify prices at which they are willing to sell their objects to the buyer, and the buyer then decides which objects to purchase. I illustrate that the buyer has an incentive to commit to a binding budget constraint before seeking offers from the sellers.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165489617300665
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:88:y:2017:i:c:p:11-15

Access Statistics for this article

Mathematical Social Sciences is currently edited by J.-F. Laslier

More articles in Mathematical Social Sciences from Elsevier
Series data maintained by Dana Niculescu ().

 
Page updated 2018-01-24
Handle: RePEc:eee:matsoc:v:88:y:2017:i:c:p:11-15