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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...
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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...
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This paper analyzes a single-machine scheduling problem with family setup times both from an optimization and a cost allocation perspective. In a family sequencing situation jobs are processed on a single machine, there is an initial processing order on the jobs, and every job within a family...
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In a deposit game coalitions are formed by players combining their capital. The proceeds of their investments then have to be divided among those players. The current model extends earlier work on capital deposits by allowing reinvestment of returns. Two specific subclasses of deposit games are...
Persistent link: https://www.econbiz.de/10005023350
This paper analyzes processing problems and related cooperative games. In a processing problem there is a finite set of jobs, each requiring a specific amount of effort to be completed, whose costs depend linearly on their completion times. The main feature of the model is a capacity...
Persistent link: https://www.econbiz.de/10008483174