Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10005338076
In this paper, we analyze equilibria in competitive environments under constraints across players' strategies. This means that the action taken by one player limits the possible choices of the other players. In this context, the usual approach to show existence of equilibrium, Kakutani's fixed...
Persistent link: https://www.econbiz.de/10005240519
Persistent link: https://www.econbiz.de/10005287544
This paper studies the sales of a single indivisible object where bidders have continuous valuations. In Grigorieva et al. [14] it was shown that, in this setting, query auctions necessarily allocate inefficiently in equilibrium. In this paper we propose a new sequential auction, called the...
Persistent link: https://www.econbiz.de/10011052488
Persistent link: https://www.econbiz.de/10005277727