The Herodotus Paradox

The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete information, and in so doing identify what we call the “Herodotus Paradox.”

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Year of publication:	[2021]
Authors:	Baye, Michael R. ; Kovenock, Daniel J. ; Vries, Casper G. de
Publisher:	[S.l.] : SSRN
Subject:	Auktionstheorie \| Auction theory \| Gleichgewichtsmodell \| Equilibrium model \| Informationsökonomik \| Economics of information \| Spieltheorie \| Game theory \| Unvollkommene Information \| Incomplete information

Extent:	1 Online-Ressource (26 p)
Series:	CESifo Working Paper Series ; No. 3135
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 29, 2010 erstellt
Other identifiers:	10.2139/ssrn.1650527 [DOI]
Classification:	C72 - Noncooperative Games ; D44 - Auctions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013316185