Showing 1 - 10 of 449
Persistent link: https://www.econbiz.de/10003648967
Persistent link: https://www.econbiz.de/10003284138
Persistent link: https://www.econbiz.de/10003848506
Persistent link: https://www.econbiz.de/10011385274
Persistent link: https://www.econbiz.de/10012654195
This paper derives Bayesian equilibria under general conditions for a broad family of sealed-bid combinatorial auction formats under incomplete information. Equilibria are constructed by linking an equilibrium of the combinatorial auction format to an equilibrium of its single-unit version,...
Persistent link: https://www.econbiz.de/10012310777
Persistent link: https://www.econbiz.de/10012019513
The symmetric two-player Hirshleifer (1989) contest is shown to admit a unique equilibrium. The support of the equilibrium strategy is finite and includes, in particular, the zero expenditure level. We also establish a lower bound for the cardinality of the support and an upper bound for the...
Persistent link: https://www.econbiz.de/10011824432
Persistent link: https://www.econbiz.de/10014576684
Persistent link: https://www.econbiz.de/10014231302