Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10000851024
Persistent link: https://www.econbiz.de/10002118236
Persistent link: https://www.econbiz.de/10002034799
Persistent link: https://www.econbiz.de/10008823626
Persistent link: https://www.econbiz.de/10003840966
Persistent link: https://www.econbiz.de/10012105841
We prove that the English auction (with bidders that need not be ex ante identical and may have interdependent valuations) has an efficient ex post equilibrium. We establish this result for environments where it has not been previously obtained. We also prove two versions of the...
Persistent link: https://www.econbiz.de/10012720675
We use laboratory experiments to compare allocation rules in uniform price divisible good auctions. 'Standard' and 'uniform' allocation rules admit different types of low-price equilibria, which are eliminated by a 'hybrid' rule. We observe little evidence of revenue differences among the...
Persistent link: https://www.econbiz.de/10003898823
Persistent link: https://www.econbiz.de/10010236254
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who allocates the most to that battlefield. The winner of the game is the player...
Persistent link: https://www.econbiz.de/10010224988