On the failure of monotonicity in uniform-price auctions

DOI10.1016/J.JET.2007.01.002zbMATH Open1132.91448OpenAlexW1979203414MaRDI QIDQ2469871FDOQ2469871

Authors: David McAdams 

Publication date: 11 February 2008

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

Full work available at URL: http://hdl.handle.net/10161/1944

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zbMATH Keywords

independencemonotonicityrisk-aversionrisk-neutralityaffiliationuniform-price auction

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• Monotone Equilibrium in Multi-Unit Auctions
• Toward a Strategic Foundation for Rational Expectations Equilibrium
• Existence of equilibrium in large double auctions
• Efficiency of Large Double Auctions

Cited In (8)

• Non-manipulability of uniform price auctions with a large number of objects
• Price instability in multi-unit auctions
• Non-monotoniticies and the all-pay auction tie-breaking rule
• Selection effects in auctions for monopoly rights
• Uniform price auctions with a last accepted bid pricing rule
• On the failure of the linkage principle with financially constrained bidders.
• Uniform price auctions with asymmetric bidders
• Monotone Equilibrium in Multi-Unit Auctions

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