Similar Search Results - EconBiz

Perfect Competition in a Bilateral Monopoly

Dubey, Pradeep; Sondermann, Dieter - 2003

We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. Inparticular,...

Persistent link: https://www.econbiz.de/10010263094

Perfect Competition in an Oligoply (including Bilateral Monopoly)

Dubey, Pradeep; Sondermann, Dieter - 2008

We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...

Persistent link: https://www.econbiz.de/10010264920

Perfect Competition in a Bilateral Monopoly

Dubey, Pradeep; Sondermann, Dieter - Economics Department, State University of New … - 2005

We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...

Persistent link: https://www.econbiz.de/10008578069

Perfect Competition in an Oligopoly (Including Bilateral Monopoly)

Dubey, Pradeep; Sondermann, Dieter - Economics Department, State University of New … - 2007

Persistent link: https://www.econbiz.de/10008578080

Perfect Competition in a Bilateral Monopoly (In honor of Martin Shubik)

Dubey, Pradeep; Sondermann, Dieter - Cowles Foundation for Research in Economics, Yale University - 2005

We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...

Persistent link: https://www.econbiz.de/10005593618

Perfect competition in an oligopoly (including bilateral monopoly)

Dubey, Pradeep; Sondermann, Dieter - In: Games and Economic Behavior 65 (2009) 1, pp. 124-141

We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...

Persistent link: https://www.econbiz.de/10005409143

Perfect Competition in a Bilateral Monopoly

Dubey, Pradeep; Sondermann, Dieter - University of Bonn, Germany - 2003

We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. Inparticular,...

Persistent link: https://www.econbiz.de/10004989637

Walrasian outcomes without perfect competition

Dubey, Pradeep; Sondermann, Dieter - 1983

Persistent link: https://www.econbiz.de/10002108592

Perfect competition in a bilateral momopoly

Dubey, Pradeep (contributor); Sondermann, Dieter (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001984462

Perfect competition in an oligopoly (including bilateral monopoly)

Dubey, Pradeep; Sondermann, Dieter - In: Games and economic behavior 65 (2009) 1, pp. 124-141

Persistent link: https://www.econbiz.de/10003811695

A service of the