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An equilibrium analysis of Knaster's fair division procedure

Van Essen, Matt - In: Games 4 (2013) 1, pp. 21-37

In an incomplete information setting, we analyze the sealed bid auction proposed by Knaster (cf. Steinhaus (1948)). This procedure was designed to efficiently and fairly allocate multiple indivisible items when participants report their valuations truthfully. In equilibrium, players do not...

Persistent link: https://www.econbiz.de/10010369429

An equilibrium analysis of Knaster’s fair division procedure

Van Essen, Matthew - In: Games 4 (2013) 1, pp. 21-37

Persistent link: https://www.econbiz.de/10009753712

Spite and reciprocity in auctions

Nishimura, Naoko; Cason, Timothy N.; Saijo, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411

The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...

Persistent link: https://www.econbiz.de/10010369395

Spite and reciprocity in auctions

Nishimura, Naoko; Cason, Timothy N.; Saijō, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411

Persistent link: https://www.econbiz.de/10009752417

Spite and Reciprocity in Auctions

Nishimura, Naoko; Cason, Timothy N.; Saijo, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411

Persistent link: https://www.econbiz.de/10009294862

The Incompatibility of Pareto Optimality and Dominant-Strategy Incentive Compatibility in Sufficiently-Anonymous Budget-Constrained Quasilinear Settings

Gonen, Rica; Lerner, Anat - In: Games 4 (2013) 4, pp. 690-710

We analyze the space of deterministic, dominant-strategy incentive compatible, individually rational and Pareto optimal combinatorial auctions. We examine a model with multidimensional types, nonidentical items, private values and quasilinear preferences for the players with one relaxation; the...

Persistent link: https://www.econbiz.de/10010711827

Characterizing the Incentive Compatible and Pareto Optimal Efficiency Space for Two Players, k Items, Public Budget and Quasilinear Utilities

Lerner, Anat; Gonen, Rica - In: Games 5 (2014) 2, pp. 97-115

We characterize the efficiency space of deterministic, dominant-strategy incentive compatible, individually rational … Maskin 2000 for Bayesian single-item constrained efficiency auctions and comparable with Ausubel and Milgrom 2002 for non …

Persistent link: https://www.econbiz.de/10010762600

Moral entitlements and aspiration formation in asymmetric bargaining: Experimental evidence from Germany and China

Hennig-Schmidt, Heike; Walkowitz, Gari - In: Games 8 (2017) 4, pp. 1-25

Using a unique experimental data set, we investigate how asymmetric legal rights shape bargainers' aspiration levels through moral entitlements derived from equity norms and number prominence. Aspiration formation is typically hard to observe in real life. Our study involves 15 negotiations from...

Persistent link: https://www.econbiz.de/10011852710

A tale of two bargaining solutions

Karagözoğlu, Emin; Keskin, Kerim - In: Games 6 (2015) 2, pp. 161-174

tempered aspirations solution, in terms of Pareto efficiency in a strategic framework. Our main result shows that the weights … solutions place on the disagreement point do not directly imply a unique efficiency ranking in this bargaining problem with a … requires also the difference in the weights placed on the reference point to be considered in reaching an efficiency ranking. …

Persistent link: https://www.econbiz.de/10011709845

Bargaining over strategies of non-cooperative Games

Attanasi, Giuseppe; García-Gallego, Aurora; … - In: Games 6 (2015) 3, pp. 273-298

existence, uniqueness, and efficiency of the agreement reachable through this bargaining process. We illustrate the consequences …

Persistent link: https://www.econbiz.de/10011709852

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