Outputs (3)

The dynamics of bidding markets with financial constraints (2014)
Journal Article
Beker, P. F., & Hernando-Veciana, Á. (2015). The dynamics of bidding markets with financial constraints. Journal of Economic Theory, 155, 234-261. https://doi.org/10.1016/j.jet.2014.11.013

We develop a model of bidding markets with financial constraints à la Che and Gale [15] in which two firms choose their budgets optimally and we extend it to a dynamic setting over an infinite horizon. We provide three main results for the case in wh... Read More about The dynamics of bidding markets with financial constraints.

On the optimality of not allocating (2014)
Journal Article
Hernando-Veciana, Á., & Michelucci, F. (2014). On the optimality of not allocating. Economics Letters, 125(2), 233-235. https://doi.org/10.1016/j.econlet.2014.09.016

We show that the commitment to not allocate may be exploited by a seller/social planner to increase the expected social surplus that can be achieved in the sale of an indivisible unit.

Labour markets: Balancing freedom and protection (2014)
Book Chapter
Saha, B., & Pal, R. (2014). Labour markets: Balancing freedom and protection. In A. Goyal (Ed.), Handbook of the Indian economy in the 21st century : understanding the inherent dynamism. Oxford University Press