Showing 1 - 7 of 7
This paper studies the sales of a single indivisible object where bidders have continuous valuations. In Grigorieva et al. [14] it was shown that, in this setting, query auctions necessarily allocate inefficiently in equilibrium. In this paper we propose a new sequential auction, called the...
Persistent link: https://www.econbiz.de/10011052488
Persistent link: https://www.econbiz.de/10005338076
Persistent link: https://www.econbiz.de/10005287544
In this paper, we analyze equilibria in competitive environments under constraints across players' strategies. This means that the action taken by one player limits the possible choices of the other players. In this context, the usual approach to show existence of equilibrium, Kakutani's fixed...
Persistent link: https://www.econbiz.de/10005240519
Persistent link: https://www.econbiz.de/10005277727
We model strategic communication network formation with (i) link specificity: link maintenance lowers specific attention and thus value (negative externality previously ignored for communication) and (ii) value transferability via indirect links for informational but not for social value...
Persistent link: https://www.econbiz.de/10010664728
We generalize exactness to games with non-transferable utility (NTU). A game is exact if for each coalition there is a core allocation on the boundary of its payoff set. Convex games with transferable utility are well-known to be exact. We consider five generalizations of convexity in the NTU...
Persistent link: https://www.econbiz.de/10008865405