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The Impact of Market Leadership on the Process of Price Determination
Abstract
The paper analyzes the phenomenon of market leadership pointing out the role of the endogenous timing in the selection process of the most efficient company and in all participants’ results optimization. The evolution of the process in different models, and comparison of its effectiveness in the framework of the mechanism of voting and bidding were presented.
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DOI: http://dx.doi.org/10.17951/h.2015.49.4.579
Date of publication: 2016-01-28 11:03:51
Date of submission: 2015-06-22 11:58:31
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Copyright (c) 2016 Agnieszka Maria Ścianowska
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