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dc.contributor.authorMenezes, Flavio Marques
dc.contributor.authorPitchford, Rohan
dc.date.accessioned2008-05-13T15:35:24Z
dc.date.accessioned2010-09-23T18:58:05Z
dc.date.available2008-05-13T15:35:24Zpor
dc.date.available2010-09-23T18:58:05Z
dc.date.issued2001-07-01
dc.identifier.issn0104-8910
dc.identifier.urihttp://hdl.handle.net/10438/810
dc.description.abstractvVe examine the problem of a buyer who wishes to purehase and eombine ti. objeets owned by n individual owners to realize a higher V'illue. The owners are able to delay their entry into the sale proeess: They ean either seU now 01' seU later. Among other assumptions, the simple assumptions of compef'if'irnl, · .. that the presenee of more owners at point of sale reduees their surplus .. · and di..,(Jyun,fúl,g lead to interesting results: There is eostly delay in equilibdum. rvIoreover, with suffidently strong eompetition, the probability of delay inereases with n. Thus, buyers who diseount the future \\i11 faee inereased eosts as the number of owners inereases. The souree of transaetions eosts is the owners' desire to dis-eoordinate in the presenee of eompetition. These eosts are unrelated to transaetions eosts eurrently identified in the literature, spedfieally those due to asymmetrie information, 01' publie goods problems where players impose negative externalities on eaeh other by under-eontributing.eng
dc.language.isoeng
dc.publisherEscola de Pós-Graduação em Economia da FGVpor
dc.relation.ispartofseriesEnsaios Econômicos;430por
dc.titleEndogenous transactions costs in multi-seller modeleng
dc.typeWorking Papereng
dc.subject.areaEconomiapor
dc.contributor.unidadefgvEscolas::EPGEpor
dc.subject.bibliodataEconomiapor
dc.subject.bibliodataConcorrênciapor
dc.contributor.affiliationFGV


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