Similar Search Results

Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2009 - Revised: April 2009

-order contests with complete information, in which each player's strategy generates direct or indirect affine spillover effects that … economic environments, as well as in classic contests adapted to recent experimental and behavioral models where individuals …&D races, models of ligitation, and a host of other contests. …

Persistent link: https://www.econbiz.de/10011378808

Affiliation, equilibrium existence and revenue ranking of auctions

Castro, Luciano I. de - 2010

Affiliation has been a prominent assumption in the study of economic models with statistical dependence. Despite its large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of. This paper shows that affiliation is a restrictive...

Persistent link: https://www.econbiz.de/10009237134

Affiliation and dependence in economic models

Castro, Luciano I. de - 2009

Persistent link: https://www.econbiz.de/10003886170

Price Instability in Multi-Unit Auctions

Anderson, Edward J. - 2016

We consider a procurement auction, where each supplier has private costs and submits a stepped supply function. We solve for a Bayesian Nash equilibrium and show that the equilibrium has a price instability in the sense that a minor change in a suppliers cost sometimes result in a major change...

Persistent link: https://www.econbiz.de/10012996148

Price Discovery Using a Double Auction

Satterthwaite, Mark Allen - 2020

We devise a tractable model to study the buyer's bid double auction (BBDA) that allows correlated signals and interdependent values/costs. We demonstrate that simple, easily calculated equilibria exist in small markets. We prove that the incentive for strategic behavior vanishes at a O (1/η)...

Persistent link: https://www.econbiz.de/10012856625

Price Instability in Multi-Unit Auctions

Anderson, Edward J. - 2015

Persistent link: https://www.econbiz.de/10013011028

Application of the Auction Principles in Oligopolistic Models

Konnov, Igor - 2015

We consider a general auction model with infinitely divisible commodity and price functions and give a new existence result in the case of the unbounded feasible set. We show that equilibrium states in the Cournot oligopoly can be attained via this auction mechanism. This property holds also...

Persistent link: https://www.econbiz.de/10013030994

Behavior in All-Pay Auctions with Ties

Gelder, Alan - 2015

Despite the wide occurrence of ties in a variety of contest settings, the strategic interaction that arises when ties are treated as viable outcomes has received little attention. Building on recent theoretical work, we experimentally examine an extension of the canonical two-player all-pay...

Persistent link: https://www.econbiz.de/10013012900

Success in contests

Levine, David K.; Mattozzi, Andrea - In: Economic theory 73 (2022) 2/3, pp. 595-624

Persistent link: https://www.econbiz.de/10013277338

Bidding behavior in a symmetric Chinese auction

Benegas, Mauricio - In: Economia : revista da ANPEC 16 (2015) 1, pp. 93-110

This paper purposes a symmetric all-pay auction where the bidders compete neither for an object nor the object itself but for a lottery on receive. That lottery is determined endogenously through the bids. This auction is known as chance auction or more popularly as Chinese auction. The model...

Persistent link: https://www.econbiz.de/10011865416