The Herodotus Paradox

The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete information, and in so doing identify what we call the “Herodotus Paradox.”

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Year of publication:	2010-07
Authors:	Baye, Michael R. ; Kovenock, Dan ; Vries, Casper G. de
Institutions:	Department of Business Economics and Public Policy, Kelley School of Business

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2010-16
Classification:	C72 - Noncooperative Games ; D44 - Auctions ; L0 - Industrial Organization. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008727359