Jackson, Matthew O.; Swinkels, Jeroen - California Institute of Technology, Division of the … - 2004
We show existence of equilibria in istributional strategies for a wide class of private value auctions, including the … first general existence result for double auctions. The set of quilibria is invariant to the tie-breaking rule. The model … involves a positive volume of trade. The existence proof establishes new connections among existence techniques for …