Showing 111 - 120 of 3,513
Persistent link: https://www.econbiz.de/10011346752
Persistent link: https://www.econbiz.de/10009754649
Persistent link: https://www.econbiz.de/10009725056
Persistent link: https://www.econbiz.de/10010354258
We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10010354632
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are externalities due to spiteful preferences, which have...
Persistent link: https://www.econbiz.de/10010360336
Persistent link: https://www.econbiz.de/10010228517
Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs, full surplus extraction is only possible if agents’ beliefs about other agents are fully informative about their own payoff parameters. They argue that the set of...
Persistent link: https://www.econbiz.de/10010230371
Persistent link: https://www.econbiz.de/10010380625
Persistent link: https://www.econbiz.de/10010380626