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We consider a dynamic auction problem motivated by the traditional single-leg, multi-period revenue management problem. A seller with C units to sell faces potential buyers with unit demand who arrive and depart over the course of T time periods. The time at which a buyer arrives, her value for...
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conditional expectations. As an example we consider the class of conditional entropic risk measures. A new regularity property of …
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regularity. We identify a restriction on the domain of the stochastic choice correspondence, under which contraction consistency …
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introduce a new con-dition, called regularity, that is simple and easy to verify. It is implied both by Reny's better …-reply security and Simon and Zame's endogenous sharing rule method. Regularity implies that the limits of €-equilibria are equilibria … identify extra conditions that, together with regularity, are sufficient for equilibrium existence. One is the marginal …
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regularity for dynamic stochastic games and exploit a simple connection between normal form and dynamic stochastic games. …
Persistent link: https://www.econbiz.de/10011695306
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