Showing 1 - 10 of 15
We study the question of collusion in auctions. We start by presenting a model of a first price auction with complete information and direct asymmetric externalities. Following a non-cooperative approach we study the negotiations process which yields a cartel. We show that in the presence of...
Persistent link: https://www.econbiz.de/10010861639
Persistent link: https://www.econbiz.de/10010905050
Persistent link: https://www.econbiz.de/10010905054
We consider two-sided matching markets in which agents have private information on a state of nature which determines the agents' utilities of matching. Monetary transfers are allowed and utility functions are quasi-linear. The model thus extends the assignment game introduced by Shapley and...
Persistent link: https://www.econbiz.de/10010905077
Persistent link: https://www.econbiz.de/10010905079
We propose two classes of allocation games for N.T.U. and T.U. exchange economies in which initial endowments and preferences depend on the agents’ private information. In both models, agents make non-verifiable claims about their types and effective deposits of consumption goods, which are...
Persistent link: https://www.econbiz.de/10010905186
Persistent link: https://www.econbiz.de/10010905336
Persistent link: https://www.econbiz.de/10010905360
Persistent link: https://www.econbiz.de/10008529674
This paper studies the set of equilibria that can be achieved by adding general communication systems to Bayesian games in which some information can be certified or, equivalently, in which players’ types are partially verifiable. Certifiability of information is formalized by a set of...
Persistent link: https://www.econbiz.de/10008532318