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Auctions and shareholdings.
Ettinger, David - Université Paris-Dauphine - 2008
This paper examines how shareholdings affect auctions' revenue and efficiency with independent private values. Two …
Persistent link: https://www.econbiz.de/10008790072
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Core-stable rings in auctions with independent private values.
Forges, Françoise; Biran, Omer - Université Paris-Dauphine - 2011
characteristic function, derived from the partition form game, is not empty. As an application, we study collusion in auctions in …
Persistent link: https://www.econbiz.de/10009024339
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Core-stable rings in second price auctions with common values.
Orzach, Ram; Forges, Françoise - Université Paris-Dauphine - 2011
In a commonvalueauction in which the information partitions of the bidders are connected, all rings are core-stable. More precisely, the ex ante expected utilities of rings, at the (noncooperative) sophisticated equilibrium proposed by Einy et al. [Einy, E., Haimanko, O., Orzach, R., Sela, A.,...
Persistent link: https://www.econbiz.de/10009493427
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Bidding among friends and enemies with symmetric information.
Ettinger, David - Université Paris-Dauphine - 2010
We consider an auction setting, in a symmetric information framework, in which bidders, even if they fail to obtain the good, care about the price paid by the winner. We prove that the outcome of the first-price auction is not affected by identity-independent price externalities, while the...
Persistent link: https://www.econbiz.de/10008790078
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Efficiency in auctions with crossholdings.
Ettinger, David - Université Paris-Dauphine - 2003
We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not equivalent to the second-price auction. In a class of examples, the ascending auction is the only efficient standard auction format.
Persistent link: https://www.econbiz.de/10008799425
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A theory of deception.
Jehiel, Philippe; Ettinger, David - Université Paris-Dauphine - 2010
This paper proposes an equilibrium approach to belief manipulation and deception in which agents only have coarse knowledge of their opponent's strategy. Equilibrium requires the coarse knowledge available to agents to be correct, and the inferences and optimizations to be made on the basis of...
Persistent link: https://www.econbiz.de/10008790079
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The ex ante incentive compatible core of the assignement game.
Forges, Françoise - Université Paris-Dauphine - 2004
We consider two-sided matching markets in which agents have private information on a state of nature which determines the agents' utilities of matching. Monetary transfers are allowed and utility functions are quasi-linear. The model thus extends the assignment game introduced by Shapley and...
Persistent link: https://www.econbiz.de/10008532579
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Optimal concession of water services under common value.
Salanié, François; Bontems, Philippe; Aubert, Cécile - Université Paris-Dauphine
. This `common value' information creates a winner's curse during auctions for renewing the concession. The municipality … designed to address this difficulty, with asymmetric auctions in which the incumbent is favored and increasing output schedules …. Contrary to standard auctions, the winner's curse can be prevented at no expected cost. …
Persistent link: https://www.econbiz.de/10008551706
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Flux résidentiels en Ile-de-France et différenciation des marchés.
Burckel, Denis; Cusin, François; Juillard, Claire - Université Paris-Dauphine - 2008
La diversité des marchés immobiliers a une conséquence importante : les évolutions conjoncturelles n’ont pas le même impact partout. Quelles sont alors les tendances qui structurent les marchés au-delà de la conjoncture ? Comment s’organisent les circulations résidentielles dans un...
Persistent link: https://www.econbiz.de/10008917395
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Les déterminants de la valeur des appartements : Une approche hédoniste.
Juillard, Claire; Cusin, François; Burckel, Denis; … - Université Paris-Dauphine - 2008
La mise en relation des prix des logements et de leurs différentes caractéristiques (les localisations, mais aussi les types de biens et même les types d’acteurs) est rendue possible par le traitement statistique des bases de données. Un nouveau champ d’investigation pour mieux...
Persistent link: https://www.econbiz.de/10008675359