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We extend the Coase conjecture to the case of a seller with a single object, who faces n potential buyers and holds a sequence of English auctions until the object is sold. In an independent-private-values environment in which buyers and sellers share the same discount factor, we show that the...
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We extend the Coase conjecture to the case of a seller with a single object, who faces n potential buyers and holds a sequence of English auctions until the object is sold. In an independent-private-values environment in which buyers and sellers share the same discount factor, we show that the...
Persistent link: https://www.econbiz.de/10012726043
Ellis (2016) introduced a variant of the classic (jury) voting game in which voters have ambiguous prior beliefs. He focussed on voting under majority rule and the implications of ambiguity for Condorcet's Theorem. Ryan (2021) studied Ellis's game when voting takes place under the unanimity...
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We introduce a generalisation of Aguiarís (2017) random categorisation rule (RCR) that allows preferences to be category dependent. Our generalised random categorisation rule (GRCR) requires the preferences associated with two di§erent categories to agree on their intersection. We show that...
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