An ascending double auction (Q946361): Difference between revisions

The paper under review shows why the failure of the affiliation assumption prevents the double auction from achieving efficient outcomes when values are interdependent.

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zbMATH Keywords

double auction

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rational expectations

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extensive form games

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Bayesian games

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reviewed by

Gheorghe Stoica

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MaRDI profile type

MaRDI publication profile

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full work available at URL

https://doi.org/10.1007/s00199-007-0297-5

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cites work

On efficiency of the English auction

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Efficiency of Large Double Auctions

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The rate at which a simple market converges to efficiency as the number of traders increases: An asymptotic result for optimal trading mechanisms

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Ex ante incentive efficient trading mechanisms without the private valuation restriction

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Asymmetric English auctions.

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Rational Expectations, Information Acquisition, and Competitive Bidding

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An Efficient Multi-Unit Ascending Auction

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Toward a Strategic Foundation for Rational Expectations Equilibrium

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The Loser's Curse and Information Aggregation in Common Value Auctions

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Internet auctions with many traders

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Convergence to Efficiency in a Simple Market with Incomplete Information

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Dynamic Markets with Competitive Bidding

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Identifiers

zbMATH Open document ID

1144.91013

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Mathematics Subject Classification ID

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10.1007/S00199-007-0297-5

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Sitelinks

Mathematics(1 entry)

mardi Publication:946361

@@ Property / DOI @@
-.1007/s00199-007-0297-5
@@ Property / DOI: 10.1007/s00199-007-0297-5 / rank @@
-Normal rank
@@ Property / reviewed by @@
-Gheorghe Stoica
@@ Property / reviewed by: Gheorghe Stoica / rank @@
-Normal rank
@@ Property / reviewed by @@
+Gheorghe Stoica
@@ Property / reviewed by: Gheorghe Stoica / rank @@
+Normal rank
@@ Property / MaRDI profile type @@
+MaRDI publication profile
@@ Property / MaRDI profile type: MaRDI publication profile / rank @@
+Normal rank
@@ Property / full work available at URL @@
+https://doi.org/10.1007/s00199-007-0297-5
+Normal rank
@@ Property / OpenAlex ID @@
+W1963984539
@@ Property / OpenAlex ID: W1963984539 / rank @@
+Normal rank
@@ Property / cites work @@
+On efficiency of the English auction
@@ Property / cites work: On efficiency of the English auction / rank @@
+Normal rank
@@ Property / cites work @@
+Efficiency of Large Double Auctions
@@ Property / cites work: Efficiency of Large Double Auctions / rank @@
+Normal rank
@@ Property / cites work @@
+The rate at which a simple market converges to efficiency as the number of traders increases: An asymptotic result for optimal trading mechanisms
+Normal rank
@@ Property / cites work @@
+Ex ante incentive efficient trading mechanisms without the private valuation restriction
+Normal rank
@@ Property / cites work @@
+Asymmetric English auctions.
@@ Property / cites work: Asymmetric English auctions. / rank @@
+Normal rank
@@ Property / cites work @@
+Rational Expectations, Information Acquisition, and Competitive Bidding
+Normal rank
@@ Property / cites work @@
+An Efficient Multi-Unit Ascending Auction
@@ Property / cites work: An Efficient Multi-Unit Ascending Auction / rank @@
+Normal rank
@@ Property / cites work @@
+Toward a Strategic Foundation for Rational Expectations Equilibrium
+Normal rank
@@ Property / cites work @@
+The Loser's Curse and Information Aggregation in Common Value Auctions
+Normal rank
@@ Property / cites work @@
+Internet auctions with many traders
@@ Property / cites work: Internet auctions with many traders / rank @@
+Normal rank
@@ Property / cites work @@
+Convergence to Efficiency in a Simple Market with Incomplete Information
+Normal rank
@@ Property / cites work @@
+Dynamic Markets with Competitive Bidding
@@ Property / cites work: Dynamic Markets with Competitive Bidding / rank @@
+Normal rank
@@ Property / DOI @@
+.1007/S00199-007-0297-5
@@ Property / DOI: 10.1007/S00199-007-0297-5 / rank @@
+Normal rank
@@ links / mardi / name / links / mardi / name @@
+Publication:946361