-good/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …

/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …

) formulation of the "mineral rights" auction. The restriction we consider is that each player's expected payoffs satisfy the … mineral rights auction games and other games where "winning" creates a discontinuity in payoffs, the existence result can be … values; a class of pricing games with incomplete information about costs; a class of all-pay auction games; and a class of …

We consider a procurement auction, where each supplier has private costs and submits a stepped supply function. We …

This paper establishes existence and uniqueness of Quantal Response Equilibrium (QRE) in a double auction. The concept … decision-making that arises in the double auction. By providing a theoretical alternative to the Bayesian Nash Equilibrium … model, the QRE model offers an appealing tool for analyzing data of double auction experiments …

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 …