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Ratifiability of Efficient Collusive Mechanisms in Second-Price Auctions with Participation Costs
Yilankaya, Okan; Tan, Guofu - Vancouver School of Economics - 2004
bidders' decisions to participate in them within the independent private values setting. We apply the concept of ratifiability …
Persistent link: https://www.econbiz.de/10004977022
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Information aggregation in competitive markets
Siga, Lucas; Mihm, Maximilian - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 1, pp. 161-196
We study when equilibrium prices can aggregate information in an auction market with a large population of traders. Our main result identifies a property of information---the betweenness property---that is both necessary and sufficient for information aggregation. The characterization provides...
Persistent link: https://www.econbiz.de/10012415617
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Correlated equilibria and communication equilibria in all-pay auctions
Pavlov, Gregory - 2013
We study cheap-talk pre-play communication in the static all-pay auctions. For the case of two bidders, all correlated …
Persistent link: https://www.econbiz.de/10011390055
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Correlated equilibria and communication equilibria in all-pay auctions
Pavlov, Gregory - 2013
We study cheap-talk pre-play communication in the static all-pay auctions. For the case of two bidders, all correlated …
Persistent link: https://www.econbiz.de/10009745257
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Correlated Equilibria and Communication Equilibria in All-pay Auctions
Pavlov, Gregory - University of Western Ontario, Department of Economics - 2013
We study cheap-talk pre-play communication in the static all-pay auctions. For the case of two bidders, all correlated …
Persistent link: https://www.econbiz.de/10010835354
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Ratifiable Collusion and Bidding Systems in Procurement
Tanno, Tadanobu - 2009
This study explores stability in efficient collusion in government procurement auctions. In first- and second …-price auctions with independent private values, we look at the possibility of vetoing collusion mechanisms and the learning of the … other bidders after vetoing. The collusions in first-price auctions in simple case and second-price auctions are stable …
Persistent link: https://www.econbiz.de/10014211854
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The Doping Threshold in Sport Contests
Müller, Daniel - 2013
We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...
Persistent link: https://www.econbiz.de/10011390690
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Jump bidding and budget constraints in all-pay auctions and wars of attrition
Dekel, Eddie; Jackson, Matthew O.; Wolinsky, Asher - 2007
We study all-pay auctions (or wars of attrition), where the highest bidder wins an object, but all bidders pay their … bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are … determining the outcome of the auctions. …
Persistent link: https://www.econbiz.de/10010266326
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The Doping Threshold in Sport Contests: An Auction-based Approach
Müller, Daniel - 2010
We analyze the infuence of the number of competitors, the costs of doping and the distribution of talents on the doping behavior. In an n-player strategic game modelled as an all-pay auction, the players have private information about their talent and the amount of doping. The main finding of...
Persistent link: https://www.econbiz.de/10010270749
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Information aggregation in competitive markets
Siga, Lucas; Mihm, Maximilian - In: Theoretical Economics 16 (2021) 1, pp. 161-196
We study when equilibrium prices can aggregate information in an auction market with a large population of traders. Our main result identifies a property of information---the betweenness property---that is both necessary and sufficient for information aggregation. The characterization provides...
Persistent link: https://www.econbiz.de/10013189021