Existence of equilibrium in large double auctions

DOI10.1016/J.JET.2005.07.014MaRDI QIDQ2370517zbMATH OpenOpenAlexFDO

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

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)

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

Cites work

• scientific article; zbMATH DE number 4060392 (Why is no real title available?)
• A Limit Theorem on the Core of an Economy
• Bargaining under Incomplete Information
• Communication and Equilibrium in Discontinuous Games of Incomplete Information
• Convergence to Efficiency in a Simple Market with Incomplete Information
• Efficiency of Large Double Auctions
• Existence and Convergence of Equilibria in the Buyer's Bid Double Auction
• Existence of Equilibrium in Single and Double Private Value Auctions1
• Incentive Efficiency of Double Auctions
• 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
• The Rate of Convergence to Efficiency in the Buyer's Bid Double Auction as the Market Becomes Large

Cited in

(23)

• Combinatorial reallocation mechanisms
• The effects of statistically dependent values on equilibrium strategies of bilateral \(k\)-double auctions
• Existence of an equilibrium in first price auctions
• Existence of Equilibrium in Single and Double Private Value Auctions1
• Non-manipulability of uniform price auctions with a large number of objects
• On the failure of monotonicity in uniform-price auctions
• Equilibrium in the two-player, \(k\)-double auction with affiliated private values
• Equilibrium existence and approximation of regular discontinuous games
• Optimal mechanism for land acquisition
• 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
• Alternating-offers bargaining in one-to-many and many-to-many settings
• Detail-free mechanism design in twice iterative dominance: Large economies
• Price discovery using a double auction
• The asymptotics of price and strategy in the buyer's bid double auction
• Efficiency of Large Double Auctions

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