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Understanding preferences : "demand types" and the existence of equilibrium with indivisibilities

Baldwin, Elizabeth; Klemperer, Paul - 2015

Persistent link: https://www.econbiz.de/10011385274

Experimental auction markets and the Walrasian hypothesis

Smith, Vernon L. - In: Papers in experimental economics, (pp. 64-70). 1991

Persistent link: https://www.econbiz.de/10001279792

A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information

Cole, Harold L. - 2017

Sovereign bonds are highly divisible, usually of uncertain quality, and auctioned in large lots to a large number of investors. This leads us to assume that no individual bidder can affect the bond price, and to develop a tractable Walrasian theory of Treasury auctions in which investors are...

Persistent link: https://www.econbiz.de/10012951170

A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information

Cole, Harold L. - 2017

Persistent link: https://www.econbiz.de/10012954340

A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information

Cole, Harold L. - 2018

How does investors' information about a country's fundamentals, and the fact that this information may be asymmetrically held, affect a country's financing cost? Motivated by this question, and by the observation that sovereign bonds are usually auctioned in large lots to a large number of...

Persistent link: https://www.econbiz.de/10012913363

Equilibrium Analysis of Generalized Penny Auctions

Mittal, Sonal - 2013

The success of eBay.com has inspired a new generation of online auction websites. Quibids.com and Swoopo.com are new … bidders pay a fee for every bid they place. This format is a generalization of the “penny auction,” an auction that consists … general parameters. Using this model, I explore answers to the following questions: Can we describe how auction participants …

Persistent link: https://www.econbiz.de/10013071357