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Competitive equilibrium in markets for votes
Casella, Alessandra; Llorente-Saguer, Aniol; Palfrey, … - 2012
We develop a competitive equilibrium theory of a market for votes. Before voting on a binary issue, individuals may buy and sell their votes with each other. We define the concept of ex ante vote-trading equilibrium, and show by construction that an equilibrium exists. The equilibriumwe...
Persistent link: https://www.econbiz.de/10010286692
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How to become a judgment device : valuation practices and the role of auctions in the emerging Chinese art market
Kharchenkova, Svetlana; Velthuis, Olav - In: Socio-economic review 16 (2018) 3, pp. 459-477
Persistent link: https://www.econbiz.de/10012050647
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Profitability, efficiency, and inequality in double auction markets with snipers
Brewer, Paul J.; Ratan, Anmol - In: Journal of economic behavior & organization : JEBO 164 (2019), pp. 486-499
Persistent link: https://www.econbiz.de/10012145219
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Competitive pricing reduces wasteful counterproductive behaviors
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - In: Journal of public economics 156 (2017), pp. 34-47
Persistent link: https://www.econbiz.de/10011824089
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Markets as a structural solution to knowledge-sharing dilemmas
Maciejovsky, Boris; Budescu, David V. - In: Organizational behavior and human decision processes : … 120 (2013) 2, pp. 154-167
Persistent link: https://www.econbiz.de/10009724622
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Mechanism design for pandemics
Maskin, Eric - In: Review of economic design 26 (2022) 3, pp. 255-259
Persistent link: https://www.econbiz.de/10013438535
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Competition in treasury auctions
Elsinger, Helmut; Schmidt-Dengler, Philipp; Zulehner, … - 2016
We investigate the role of competition on the outcome of Austrian Treasury auctions. Austria's EU accession led to an … examine the effect of increased competition on auction performance: We find that increased competition reduced bidder surplus … aggressive bidding. Counterfactuals establish that as competition increases, concerns regarding auction format play a smaller …
Persistent link: https://www.econbiz.de/10011436067
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Organizing competition for the market
Iossa, Elisabetta; Rey, Patrick; Waterson, Michael - 2019
Persistent link: https://www.econbiz.de/10012042183
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Competitive bidding in auctions with private and common values
Goeree, Jacob K.; Offerman, Theo - 2000
The objects for sale in most auctions possess both private and common value elements. This salient feature has not yet been incorporated into a strategic analysis of equilibrium bidding behaviour. This paper reports such an analysis for a stylised model in which bidders receive a private value...
Persistent link: https://www.econbiz.de/10011303293
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Organizing competition for the market
Iossa, Elisabetta; Rey, Patrick; Waterson, Michael - 2019
Persistent link: https://www.econbiz.de/10012181208