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Perfect Competition in a Bilateral Monopoly
Dubey, Pradeep; Sondermann, Dieter - 2003
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. Inparticular,...
Persistent link: https://www.econbiz.de/10010263094
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Perfect Competition in an Oligoply (including Bilateral Monopoly)
Dubey, Pradeep; Sondermann, Dieter - 2008
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...
Persistent link: https://www.econbiz.de/10010264920
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Perfect competition in an oligopoly (including bilateral monopoly)
Dubey, Pradeep; Sondermann, Dieter - In: Games and economic behavior 65 (2009) 1, pp. 124-141
Persistent link: https://www.econbiz.de/10003811695
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Perfect competition in a bilateral Monopoly : in honor of Martin Shubik
Dubey, Pradeep (contributor); Shubik, Martin (honouree);  … - 2005
Persistent link: https://www.econbiz.de/10003468415
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Perfect competition in a bilateral momopoly
Dubey, Pradeep (contributor); Sondermann, Dieter (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001984462
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Perfect competition in an oligopoly (including bilateral monopoly)
Dubey, Pradeep (contributor); Sondermann, Dieter (contributor) - 2008
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...
Persistent link: https://www.econbiz.de/10003782307
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Perfect competition in an oligopoly (including bilateral monopoly)
Dubey, Pradeep; Sondermann, Dieter - In: Games and economic behavior 65 (2009) 1, pp. 124-141
Persistent link: https://www.econbiz.de/10008167305
Cover Image
Perfect competition in an oligopoly (including bilateral monopoly)
Dubey, Pradeep; Sondermann, Dieter - In: Games and Economic Behavior 65 (2009) 1, pp. 124-141
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...
Persistent link: https://www.econbiz.de/10005409143
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Perfect Competition in a Bilateral Monopoly (In honor of Martin Shubik)
Dubey, Pradeep; Sondermann, Dieter - Cowles Foundation for Research in Economics, Yale University - 2005
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...
Persistent link: https://www.econbiz.de/10005593618
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Perfect Competition in a Bilateral Monopoly
Dubey, Pradeep; Sondermann, Dieter - Economics Department, State University of New … - 2005
We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular,...
Persistent link: https://www.econbiz.de/10008578069