Existence of equilibrium in large double auctions

DOI10.1016/J.JET.2005.07.014zbMATH Open1280.91084OpenAlexW3121825477MaRDI QIDQ2370517FDOQ2370517

Authors: Drew Fudenberg, Markus Mobius, Adam Szeidl 

Publication date: 26 June 2007

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

Full work available at URL: http://nrs.harvard.edu/urn-3:HUL.InstRepos:3043420

Recommendations

• Existence of Equilibrium in Single and Double Private Value Auctions1
• Efficiency of Large Double Auctions
• Existence and Convergence of Equilibria in the Buyer's Bid Double Auction
• Equilibrium in the two-player, \(k\)-double auction with affiliated private values
• Pure strategy equilibria of single and double auctions with interdependent values

zbMATH Keywords

pure strategy equilibriummonotone strategieslarge economiesprice-taking

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Noncooperative games (91A10) General equilibrium theory (91B50)

Cites Work

• Title not available (Why is that?)
• Bargaining under Incomplete Information
• On the Existence of Pure and Mixed Strategy Nash Equilibria in Discontinuous Games
• Single Crossing Properties and the Existence of Pure Strategy Equilibria in Games of Incomplete Information
• Communication and Equilibrium in Discontinuous Games of Incomplete Information
• A Limit Theorem on the Core of an Economy
• Existence of Equilibrium in Single and Double Private Value Auctions1
• Incentive Efficiency of Double Auctions
• The Rate of Convergence to Efficiency in the Buyer's Bid Double Auction as the Market Becomes Large
• Efficiency of Large Double Auctions
• Convergence to Efficiency in a Simple Market with Incomplete Information
• Existence and Convergence of Equilibria in the Buyer's Bid Double Auction

Cited In (23)

• Existence of Equilibrium in Single and Double Private Value Auctions1
• The effects of statistically dependent values on equilibrium strategies of bilateral \(k\)-double auctions
• Existence of an equilibrium in first price auctions
• On the failure of monotonicity in uniform-price auctions
• Non-manipulability of uniform price auctions with a large number of objects
• Equilibrium in the two-player, \(k\)-double auction with affiliated private values
• Optimal mechanism for land acquisition
• Equilibrium existence and approximation of regular discontinuous games
• On nondegenerate equilibria of double auctions with several buyers and a price floor
• Convergence of VCG mechanism to ex-post budget balance in a model of land acquisition
• Toward a Strategic Foundation for Rational Expectations Equilibrium
• Matching in the large: an experimental study
• Convergence to perfect competition of a dynamic matching and bargaining market with two-sided incomplete information and exogenous exit rate
• Approximating gains-from-trade in bilateral trading
• Pure strategy equilibria of single and double auctions with interdependent values
• Informed agent's advice in bargaining under two-sided incomplete information
• Modularity and greed in double auctions
• Detail-free mechanism design in twice iterative dominance: Large economies
• Alternating-offers bargaining in one-to-many and many-to-many settings
• Price discovery using a double auction
• The asymptotics of price and strategy in the buyer's bid double auction
• Efficiency of Large Double Auctions
• Combinatorial reallocation mechanisms

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