Template-type: ReDif-Paper 1.0 Author-Name: Leufkens Kasper Author-Name: Peeters Ronald Author-Name: Vermeulen Dries Author-workplace-name: METEOR Title: Sequential auctions with synergies: The paradox of positive synergies Abstract: We show that synergies enhance bidding competition to such an extent that they are a curse rather than a blessing for the bidders; they may even induce serious bankruptcy problems. Keywords: microeconomics ; Series: Research Memoranda Creation-Date: 2010 Number: 007 File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:6d579273-0272-4764-8e50-e2ebd0d7a3b7/datastreams/ASSET1/content File-Format: application/pdf File-Size: 363827 Handle: RePEc:unm:umamet:2010007