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the strategies chosen by their opponents, but also their set of admissible strategies. Debreu (1952) proves the existence … this note, we define the class of supermodular social games and give an existence theorem for this class of games. …
Persistent link: https://www.econbiz.de/10005062382
for the existence of market equilibrium. We assume that the production functions of the profit maximizing agents are …
Persistent link: https://www.econbiz.de/10005407584
simulation. The appendices proves the existence of the (modified) normal and shifted log-normal LLM used in the pricing. The link …
Persistent link: https://www.econbiz.de/10005561602
In this note I show that there is a mistake in the proof of uniqueness in Engelbrecht-Wiggans, Milgrom and Weber’s seminal “Competitive Bidding and Proprietary Information” and provide a correct proof.
Persistent link: https://www.econbiz.de/10005118526