Endogenous Preemption on Both Sides of a Market

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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).
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages10
Volume2005-92
Publication statusPublished - 2005

Publication series

NameCentER Discussion Paper
Volume2005-92

Fingerprint

Preemption
Seller
Buyers
Market clearing

Keywords

  • preemption
  • endogenous timing

Cite this

Güth, W., Müller, W., & Potters, J. J. M. (2005). Endogenous Preemption on Both Sides of a Market. (CentER Discussion Paper; Vol. 2005-92). Tilburg: Microeconomics.
Güth, W. ; Müller, W. ; Potters, J.J.M. / Endogenous Preemption on Both Sides of a Market. Tilburg : Microeconomics, 2005. (CentER Discussion Paper).
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Güth, W, Müller, W & Potters, JJM 2005 'Endogenous Preemption on Both Sides of a Market' CentER Discussion Paper, vol. 2005-92, Microeconomics, Tilburg.

Endogenous Preemption on Both Sides of a Market. / Güth, W.; Müller, W.; Potters, J.J.M.

Tilburg : Microeconomics, 2005. (CentER Discussion Paper; Vol. 2005-92).

Research output: Working paperDiscussion paperOther research output

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T1 - Endogenous Preemption on Both Sides of a Market

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N1 - Pagination: 10

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N2 - 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).

AB - 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).

KW - preemption

KW - endogenous timing

M3 - Discussion paper

VL - 2005-92

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BT - Endogenous Preemption on Both Sides of a Market

PB - Microeconomics

CY - Tilburg

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Güth W, Müller W, Potters JJM. Endogenous Preemption on Both Sides of a Market. Tilburg: Microeconomics. 2005. (CentER Discussion Paper).