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bids. Then, each bidder selects which of the two sellers' auctions to participate in. We find that, in contrast to a …
Persistent link: https://www.econbiz.de/10011771412
addressing it by focusing on a single simple problem: multiunit auctions. A variety of issues will be discussed: representation …
Persistent link: https://www.econbiz.de/10014025450
markets in silico, using electricity markets and on-line double auctions as illustrations. A monopoly sealed-bid auction is …
Persistent link: https://www.econbiz.de/10014024378
An auction is externality-robust if unilateral deviations from equilibrium leave the other bidders' payoffs unaffected. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are externalities due to spiteful preferences, which have...
Persistent link: https://www.econbiz.de/10010360336
-linear demand curves with quantities as flows (shares/second). Batch auctions clear all asset markets jointly in discrete time …
Persistent link: https://www.econbiz.de/10014250116
Persistent link: https://www.econbiz.de/10011997370
Persistent link: https://www.econbiz.de/10012118631
We study identification of combinatorial valuations from aggregate demand. Each utility function takes as arguments subsets or, alternatively, quantities of the multiple goods. We exploit mathematical insights from auction theory to generically identify the distribution of utility functions. In...
Persistent link: https://www.econbiz.de/10010930801
We study, theoretically and experimentally, sealed-bid first-price auctions with and without package bidding. In the …
Persistent link: https://www.econbiz.de/10010588269
The literature on ascending combinatorial auctions yields conflicting insights regarding the possibility to implement … the Vickrey payoffs for general valuations. We introduce the class of minimal ascending auctions, a class which allows one …
Persistent link: https://www.econbiz.de/10010573649