Showing 1 - 10 of 15,939
When bidders are not substitutes, we show that there is no standard ascend-ing auction that implements a bidder-optimal competitive equilibrium under truthful bidding. Such an impossibility holds also in environments where the Vickrey payoff vector is a competitive equilibrium payoff and is thus...
Persistent link: https://www.econbiz.de/10010738984
Brendstrup (2007) and Brendstrup and Paarsch (2006) claim that sequential English auction models with multi-unit demand can be identified from the distribution of the last stage winning price and without any assumption on bidding behavior in the earliest stages. We show that their identification...
Persistent link: https://www.econbiz.de/10010739048
This paper considers the implementation of an economic outcome under complete information when the strategic and informational details of the participation game are partially-specified. This means that full participation is required to be a subgame-perfect equilibrium for a large variety of...
Persistent link: https://www.econbiz.de/10010739083
We consider standard auction models when bidders' identities are not observed by the econometrician. First, we adapt the definition of identifiability to a framework with anonymous bids and we explore the extent to which anonymity reduces the possibility to identify private value auction models....
Persistent link: https://www.econbiz.de/10010739122
Persistent link: https://www.econbiz.de/10003974445
Persistent link: https://www.econbiz.de/10009779269
Persistent link: https://www.econbiz.de/10009621704
Persistent link: https://www.econbiz.de/10009551432
Persistent link: https://www.econbiz.de/10003812615
We introduce contingent auction mechanisms, which is a superset of combinatorial auctions, and where bidders submit bids on packages that are contingent on the whole final assignment. Without externalities, the Vickrey and the Ausubel-Milgrom Proxy Auction are both robust if items are perceived...
Persistent link: https://www.econbiz.de/10011082091