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strategy adjustment. We also find that framing the double auction as a direct mechanism leads to more naive behavior by …
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rule which satisfies Pareto-efficiency, strategy-proofness, individual rationality, and nonnegative payment uniquely exists … and it is the Vickrey allocation rule. -- Vickrey auction ; allocation rule ; income effect ; strategy-proofness …
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For a repeated procurement problem, we compare two stylized negotiating cultures which differ in how the buyer uses an entrant to exert pressure on the incumbent resembling U.S. style and Japanese style procurement. In each period, the suppliers are privately informed about their production...
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