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 Stolper-Samuelson theorem, one for economies with n goods and n factors, and one for non-square economies. Similar assumptions and methods underlie these seemingly unrelated results
A simple example shows that equilibria can fail to exist in second price (Vickrey) and English aucti...
We establish conditions under which an English auction for an indivisible risky asset has an efficie...
We establish conditions under which an English auction for an indivisible risky asset has an efficie...
We prove that the English auction (with bidders that need not be ex ante identical and may have inte...
Abstract. We prove that the English auction (with bidders that need not be ex ante identical and may...
Abstract. We prove that the English auction (with bidders that need not be ex ante identical and may...
We prove that the English auction (with bidders that need not be ex ante identical and may have inte...
Abstract. We introduce a comparative-statics observation; we prove that the English auction is effic...
Changes in the parameters of an n-dimensional system of equations induce changes in its solutions. F...
Changes in the parameters of an n-dimensional system of equa-tions induce changes in its solutions. ...
I introduce a property of player's valuations that ensures the existence of an ex post efficient equ...
I introduce a property of players valuations that ensures the existence of an ex post e ¢ cient equi...
In this paper we investigate the powerful implications of the Stolper-Samuelson theorem, which uses ...
I consider a single-object English auction with two asymmetric bidders and show that it has a contin...
We analyze competitive pressures in a sequence of auctions with a growing number of bidders, in a mo...
A simple example shows that equilibria can fail to exist in second price (Vickrey) and English aucti...
We establish conditions under which an English auction for an indivisible risky asset has an efficie...
We establish conditions under which an English auction for an indivisible risky asset has an efficie...
We prove that the English auction (with bidders that need not be ex ante identical and may have inte...
Abstract. We prove that the English auction (with bidders that need not be ex ante identical and may...
Abstract. We prove that the English auction (with bidders that need not be ex ante identical and may...
We prove that the English auction (with bidders that need not be ex ante identical and may have inte...
Abstract. We introduce a comparative-statics observation; we prove that the English auction is effic...
Changes in the parameters of an n-dimensional system of equations induce changes in its solutions. F...
Changes in the parameters of an n-dimensional system of equa-tions induce changes in its solutions. ...
I introduce a property of player's valuations that ensures the existence of an ex post efficient equ...
I introduce a property of players valuations that ensures the existence of an ex post e ¢ cient equi...
In this paper we investigate the powerful implications of the Stolper-Samuelson theorem, which uses ...
I consider a single-object English auction with two asymmetric bidders and show that it has a contin...
We analyze competitive pressures in a sequence of auctions with a growing number of bidders, in a mo...
A simple example shows that equilibria can fail to exist in second price (Vickrey) and English aucti...
We establish conditions under which an English auction for an indivisible risky asset has an efficie...
We establish conditions under which an English auction for an indivisible risky asset has an efficie...