Showing 1 - 10 of 266
This paper investigates hypotheses related to efficiency and price uniformity in online competing auctions based on two theoretical predictions from Peters and Severinov [Peters, M., Severinov, S., 2006. Internet auctions with many traders. Journal of Economic Theory 130, 220–245]. The...
Persistent link: https://www.econbiz.de/10011041639
Persistent link: https://www.econbiz.de/10009632756
Persistent link: https://www.econbiz.de/10003987002
Persistent link: https://www.econbiz.de/10008779913
This paper analyzes the problem of selling a number of indivisible items to a set of unitdemand bidders. An ascending auction mechanism called the Excess Demand Ascending Auction (EDAA) is defined. The main results demonstrate that EDAA terminates in a finite number of iterations and that the...
Persistent link: https://www.econbiz.de/10011091190
The long-term impact of globalization, outsourcing, and technological change on workers is increasingly being studied by economists. At the nexus of labor economics, industry studies, and industrial organization, The Analysis of Firms and Employees presents new findings about these impacts by...
Persistent link: https://www.econbiz.de/10014487928
A group of heterogenous agents may form partnerships in pairs. All single agents as well as all partnerships generate values. If two agents choose to cooperate, they need to specify how to split their joint value among one another. In equilibrium, which may or may not exist, no agents have...
Persistent link: https://www.econbiz.de/10011091421
We present a polynomial time method for identifying the maximal set in excess demand at a given payoff vector. This set can be used in “large” partnership formation problems to identify the minimum element in the set of individually rational payoff vectors at which there is no overdemanded...
Persistent link: https://www.econbiz.de/10011041594
A number of jobs are to be assigned to a greater number of workers. While having to abide by the law of minimum wages, firms must determine who should be assigned which job and at what salary. In such situations fair (envy-free) allocations usually fail to exist. To cope with this situation,...
Persistent link: https://www.econbiz.de/10008565485
Persistent link: https://www.econbiz.de/10007706724