Bilateral trade with the sealed bid k-double auction: Existence and efficiency

From MaRDI portal
Publication:1120444

DOI10.1016/0022-0531(89)90121-XzbMath0672.90014MaRDI QIDQ1120444

Steven R. Williams, Mark Allen Satterthwaite

Publication date: 1989

Published in: Journal of Economic Theory (Search for Journal in Brave)




Related Items (41)

Optimal market thicknessOptimal mechanism for land acquisitionDynamic price formation in a futures market via double auctionsThe modified Vickrey double auctionOn nondegenerate equilibria of double auctions with several buyers and a price floorConvergence of VCG mechanism to ex-post budget balance in a model of land acquisitionThe efficiency of linear equilibria of sealed-bid double auctionsCheap talk, efficiency and egalitarian cost sharing in joint projectsEx ante versus interim rationality and the existence of bubblesEquilibria of the sealed-bid mechanism for bargaining with incomplete informationThe rate at which a simple market converges to efficiency as the number of traders increases: An asymptotic result for optimal trading mechanismsPre-play communication in two-person sealed-bid double auctions(Almost) efficient mechanisms for bilateral tradingBargaining and search with incomplete information about outside optionsOptimal information structures in bilateral tradeInformation percolation in segmented marketsLearning equilibrium in bilateral bargaining gamesReprint of: ``Information percolation in segmented marketsPartnerships and double auctions with interdependent valuations.Mediation: Incomplete information bargaining with filtered communication.Bilateral \(k+1\)-price auctions with asymmetric shares and valuesEfficient trading mechanisms with pre-play communicationCharacterization and computation of Nash-equilibria for auctions with incomplete informationBilateral trading in divisible double auctionsModeling dynamic sealed-offer \(k\)-double auctions using a mixture of distributionsThe effects of statistically dependent values on equilibrium strategies of bilateral \(k\)-double auctionsOptimal trading mechanisms with ex ante unidentified tradersEx post efficiency in the buyer's bid double auction when demand can be arbitrarily larger than supplyThe rate of convergence to perfect competition of matching and bargaining mechanismsA parametrization of the auction design spaceBilateral trading with naive tradersStochastic stability in a double auctionA double auction based mathematical market model and heuristics for Internet-based secondhand durable good marketsEquilibrium in the two-player, \(k\)-double auction with affiliated private valuesMinimax-regret strategies for bargaining over several variablesCheap talk can matter in bargainingPrice discovery using a double auctionThe reeded edge and the Phillips curve: Money neutrality, common knowledge, and subjective beliefsA note on the Seller's optimal mechanism in bilateral trade with two-sided incomplete informationEx ante efficient, ex post individually rational tradeOn market-inspired approaches to propositional satisfiability



Cites Work




This page was built for publication: Bilateral trade with the sealed bid k-double auction: Existence and efficiency