Publication Type:

  • 6

Publication Type:

  • 6
AgEcon Search 6 records found Search took 0.06 seconds. 
We study auctions of a single asset among symmetric bidders with a¢ liated values. We show that the second-price auction minimizes revenue among all e¢ cient auction me [...]
English | 2008 | Working or Discussion Paper |
Many empirical studies of auctions show that prices of identical goods sold sequentially follow a declining path. Declining prices have been viewed as an anomaly, because [...]
English | 2008 | Working or Discussion Paper |
A mechanism implements a social choice correspondence f in mixed Nash equilibrium if at any preference profile, the set of all pure and mixed Nash equilibrium outcomes co [...]
English | 28 April 2009 | Working or Discussion Paper |
This paper models the disclosure of knowledge via licensing to outsiders or fringe Örms as a threat, useful in ensuring Örms keep their commitments. We show that Örms [...]
English | 2008 | Working or Discussion Paper |
Theoretical models of multi-unit, uniform-price auctions assume that the price is given by the highest losing bid. In practice, however, the price is usually given by the [...]
English | 2007 | Working or Discussion Paper |
Vickrey-Clarke-Groves (VCG) mechanisms are often used to allocate tasks to selfish and rational agents. VCG mechanisms are incentive-compatible, direct mechanisms that ar [...]
English | 2008 | Working or Discussion Paper |

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