Expectations, market structure, and sequential bid pricing
July 5, 1975
Public agencies are frequently constrained to procure goods and services in sealed tender markets. Pricing decisions of firms participating in such markets have been analyzed for both static and dynamic situations. As might be anticipated, the decision rules obtained in these analyses depend in an integral way on the firm's perception of the behavior of other market participants. It is this aspect of the pricing problem to which our paper is directed.
Citation Information
Publication Year | 1975 |
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Title | Expectations, market structure, and sequential bid pricing |
DOI | 10.2307/1056559 |
Authors | Emil D. Attanasi, S.R. Johnson |
Publication Type | Article |
Publication Subtype | Journal Article |
Series Title | Southern Economic Journal |
Index ID | 70199429 |
Record Source | USGS Publications Warehouse |
USGS Organization | Eastern Energy Resources Science Center |