Similar Search Results

Existence of Equilibria in Procurement Auctions

Seres, Gyula - 2017

to first- and second-price auctions and conclude that the two standard auction formats yields the same expected price to …

Persistent link: https://www.econbiz.de/10012942842

Understanding Preferences : 'Demand Types', and The Existence of Equilibrium with Indivisibilities

Baldwin, Elizabeth - 2019

of geometric objects. Applications include matching and coalition-formation, and the "Product-Mix Auction" introduced by …

Persistent link: https://www.econbiz.de/10012904102

Equilibrium in the Assignment Market under Budget Constraints

van der Laan, Gerard - 2018

We reexamine the well-known assignment market model in a more general and more practical environment where agents may be financially constrained. These constraints will be shown to have an important impact on the set of Walrasian equilibria. We prove that a price adjustment process will either...

Persistent link: https://www.econbiz.de/10012908147

Existence of monotone equilibria in large double auctions

Barelli, Paulo; Govindan, Srihari - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 2, pp. 565-582

auction. Our proof also eliminates two of the assumptions in their paper. …

Persistent link: https://www.econbiz.de/10014576684

On the impossibility of core-selecting auctions

Goeree, Jacob K.; Lien, Yuanchuan - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 1, pp. 41-52

the auction vulnerable to defections as the seller can attract better offers afterwards. To avoid instabilities of this … equilibrium of the resulting auction then the outcome would also be in the core with respect to bidders' {\em true} values. We … show, however, that when the equilibrium outcome of any auction is in the core, it is equivalent to the Vickrey outcome. In …

Persistent link: https://www.econbiz.de/10011673080

Decentralizing Edgeworth Equilibria in Economies with Many Commodities

Deghdak, Messaoud; Florenzano, Monique - 1999

This paper proves core-equivalence theorems for exchange economies without ordered preferences, defined on locally convex Riesz commodity spaces such that the price space is a lattice. Properness assumptions are borrowed from some recent equilibrium existence results

Persistent link: https://www.econbiz.de/10014184274

Determinacy of Competitive Equilibria in Economies with Many Commodities

Shannon, Chris - 1999

This paper provides a framework for establishing the determinacy of equilibria in general equilibrium models with infinitely many commodities and a finite number of consumers and producers. This paper defines a notion of regular economy for such models and gives sufficient conditions on the...

Persistent link: https://www.econbiz.de/10014185757

Abraham Wald's Equilibrium Existence Proof Reconsidered

John, Reinhard - 1999

For his proof of the existence of a general competitive equilibrium Abraham Wald assumed a strictly pseudomonotone inverse market demand function or, equivalently, that market demand satisfies the Weak Axiom of Revealed Preference. It is well known that more recent existence theorems do not need...

Persistent link: https://www.econbiz.de/10014200395

General Equilibrium Without Utility Functions : How Far to Go?

Balasko, Yves; Tvede, Mich - 2009

How far can we go in weakening the assumptions of the general equilibrium model? Existence of equilibrium, structural stability and finiteness of equilibria of regular economies, genericity of regular economies and an index formula for the equilibria of regular economies have been known not to...

Persistent link: https://www.econbiz.de/10014204262

Lottery Equilibrium

Mollner, Joshua; Weyl, E. Glen - 2018

transfers and auction markets with budget constraints and may have implications for social policy and the theory of fair …

Persistent link: https://www.econbiz.de/10014114844