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bargaining model with endogenous inside and outside options to analyze the interactions between local communities having at least … particular, improvements in the community's bargaining power vis-a-vis the firm are likely to increase resource extraction and …
Persistent link: https://www.econbiz.de/10009468413
In many auctions, a good match between the bidder and seller raises the value of the contract for both parties although information about the quality of the match may be incomplete. This paper examines the case in which the bidder is better informed about the quality of his match with the seller...
Persistent link: https://www.econbiz.de/10015222623
In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However, information about the quality of the match may be incomplete. We consider the case in which each bidder observes the quality of his match with the seller but the seller does not...
Persistent link: https://www.econbiz.de/10015222624
impossible, BMAs extend the model of proto-coalition bargaining and are specifically applied to government formation. …
Persistent link: https://www.econbiz.de/10015225488
The separation theorem in discrete convex analysis states that two disjoint discrete convex sets can be separated by a hyperplane with a 0-1 normal vector. We apply this theorem to an auction model and provide a unified approach to existing results. When p is not an equilibrium price vector,...
Persistent link: https://www.econbiz.de/10015258385
Using a notion of convexity in discrete convex analysis, we introduce a discrete analogue of the Kuhn-Tucker theorem. We apply it to an auction model and show that existing iterative auctions can be viewed as the process of finding a saddle point of the Lagrange function.
Persistent link: https://www.econbiz.de/10015258862
Using a notion of convexity in discrete convex analysis, we introduce a discrete analogue of the Kuhn-Tucker theorem. We apply it to an auction model and show that existing iterative auctions can be viewed as the process of finding a saddle point of the Lagrange function.
Persistent link: https://www.econbiz.de/10015264655
A tanulmány célja az értékpapírok esetében leggyakrabban alkalmazott két aukciós technika (az egyenáras és a diszkriminatív áras aukció) összehasonlító elemzése. A szakirodalom elsősorban az aukció várható bevétele szempontjából elemzi a módszereket. Az elméleti...
Persistent link: https://www.econbiz.de/10015241420
This paper models frictions in buyer-seller markets using networks, where buyers are linked with a subset of sellers … lower expected wage growth and (2) lower expected wages in markets with high unemployment. We argue that our framework is … suited to the analysis of a wide range of real-world markets, such as the labor market and buyer-seller trading platforms …
Persistent link: https://www.econbiz.de/10015249266
Peters and Severinov (2006) (PS henceforth) characterize a perfect Bayesian equilibrium (PBE) in a competing auctions environment, where all buyers are linked to all the sellers. PS characterize a PBE using a simple bidding rule, whereby buyers select in which auction to bid. In this note we...
Persistent link: https://www.econbiz.de/10015249268