Showing 1 - 2 of 2
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...
Persistent link: https://www.econbiz.de/10011425812
For the allocation of heterogeneous items, it is known that the buyers-are-substitutes condition is necessary and sufficient to ensure that a pricing equilibrium can yield the same allocation and payments as the VCG mechanism. Furthermore, concavity of the corresponding transferable utility...
Persistent link: https://www.econbiz.de/10011425853