In this article, the theoretical aspects of union-soft sets by extending the notions of equivalence relations, partition, composition of relations, and function to the framework of union-soft sets are introduced. Further the Cartesian product, the relation between union-soft sets, induced...

We consider the set-up of a Japanese-English auction with exogenously fixed discrete bid levels for the wallet game with two bidders. We prove that bidding twice the signal - the equilibrium strategy with continuous bid levels - is never an equilibrium in this set up. We show that partition...