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Endogenous Preemption on Both Sides of a Market

Author

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  • Güth, W.
  • Müller, W.

    (Tilburg University, Center For Economic Research)

  • Potters, J.J.M.

    (Tilburg University, Center For Economic Research)

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).
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Suggested Citation

  • Güth, W. & Müller, W. & Potters, J.J.M., 2005. "Endogenous Preemption on Both Sides of a Market," Discussion Paper 2005-92, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:e67ab3af-a90a-4c8e-8b62-a8f7b44746e4
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    References listed on IDEAS

    as
    1. Saloner, Garth, 1987. "Cournot duopoly with two production periods," Journal of Economic Theory, Elsevier, vol. 42(1), pages 183-187, June.
    2. van Damme, Eric & Hurkens, Sjaak, 1999. "Endogenous Stackelberg Leadership," Games and Economic Behavior, Elsevier, vol. 28(1), pages 105-129, July.
    3. Hamilton, Jonathan H. & Slutsky, Steven M., 1990. "Endogenous timing in duopoly games: Stackelberg or cournot equilibria," Games and Economic Behavior, Elsevier, vol. 2(1), pages 29-46, March.
    4. van Damme, Eric & Hurkens, Sjaak, 1999. "Endogenous Stackelberg Leadership," Games and Economic Behavior, Elsevier, vol. 28(1), pages 105-129, July.
    5. Anderson, Simon P. & Engers, Maxim, 1992. "Stackelberg versus Cournot oligopoly equilibrium," International Journal of Industrial Organization, Elsevier, vol. 10(1), pages 127-135, March.
    6. Matsumura, Toshihiro, 1999. "Quantity-setting oligopoly with endogenous sequencing," International Journal of Industrial Organization, Elsevier, vol. 17(2), pages 289-296, February.
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    Keywords

    preemption; endogenous timing;

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