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Game-theoretic models of learning are hard to study even in the laboratory setting due to econometric and practical concerns (like the limited length of an experimental session).In particular, as the simulations by (Salmon, 2001) show, in a cross-model (or "blind'') testing of several models,...
Persistent link: https://www.econbiz.de/10012827651
Recently emerged, auction theory has become a well-established branch of theoretical economics with important practical applications. As the theory progresses, its basic assumptions become the subject of further investigation and thus new directions emerge. Microeconomics in general and auction...
Persistent link: https://www.econbiz.de/10012953913