منابع مشابه
Asymmetric Reduced Form Auctions
This paper provides a tractable characterization of feasibility of asymmetric reduced form auctions. Using this, auction design problems can be stated in terms of the reduced form only. This allows to solve optimal auction problems when classical solution techniques fail. DOI: https://doi.org/10.1016/j.econlet.2010.09.019 Posted at the Zurich Open Repository and Archive, University of Zurich ZO...
متن کاملHybrid Auctions Revisited
We examine hybrid auctions with affiliated private values and risk-averse bidders, and show that the optimal hybrid auction trades off the benefit of information extraction in the ascendingbid phase and the cost of reduced competition in the sealed-bid phase.
متن کاملOptimal Auctions Revisited
The Internet offers new challenges to the fields of economics and artificial intelligence. This paper addresses several basic problems inspired by the adaptation of economic mechanisms, and auctions in particular, to the Internet. Computational environments uch as the Internet offer a high degree of flexibility in auctions’ rules. This makes the study of optimal auctions especially interesting ...
متن کاملAsymmetric English Auctions Revisited
I introduce a property of players valuations that ensures the existence of an ex post e¢ cient equilibrium in asymmetric English auctions. The use of this property has the advantage of yielding an ex post e¢ cient equilibrium without assuming di¤erentiability of valuations or that signals are drawn from a density. These technical, non economic, assumptions have been ubiquitous in the study of ...
متن کاملAuctions Versus Negotiations Revisited∗
Auctions are compared with different forms of negotiation and bargaining. The value of an extra customer is shown to exceed the value of being able to ration supply, if the seller is otherwise unconstrained. Thus, we generalize and provide a simple proof of a result due to Bulow and Klemperer (1996), in which auctions and negotiations are compared. We also compare auctions and seller-offer barg...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2006
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-006-0080-z