Dynamic Consistency, Revelations in Auctions and the Structure of Preferences

DOI10.2307/2297556zbMath0672.90013OpenAlexW2123946909MaRDI QIDQ3826313

Edi Karni, Zvi Safra

Publication date: 1989

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297556

zbMATH Keywords

optimal biddingsecond-price sealed-bid auctionsascending-bid auctions

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Related Items (27)

When the Players Are Not Expectation Maximizers ⋮ Auctions with uncertain numbers of bidders ⋮ The preservation of multivariate comparative statics in nonexpected utility theory ⋮ Recent developments in modelling preferences under risk ⋮ A dynamic mechanism and surplus extraction under ambiguity ⋮ On the equivalence between descending bid auctions and first price sealed bid auctions ⋮ Preferences and metric structures of spaces of alternatives ⋮ Hybrid decision model and the ranking of experiments ⋮ Decisions under risk and uncertainty: A survey of recent developments ⋮ Dynamic consistency and ambiguity: a reappraisal ⋮ The two faces of independence: betweenness and homotheticity ⋮ Axiomatic utility theories with the betweenness property ⋮ Comparative statics tests between decision models under risk ⋮ Atemporal dynamic consistency and expected utility theory ⋮ Sequential decision making without independence: a new conceptual approach ⋮ Existence and dynamic consistency of Nash equilibrium with non-expected utility preferences ⋮ English versus Vickrey auctions with loss-averse bidders ⋮ Recursive non-expected utility: connecting ambiguity attitudes to risk preferences and the level of ambiguity ⋮ Topological complexity of locally finite \(\omega\)-languages ⋮ Behaviorally consistent optimal stopping rules ⋮ A theory of ultimately periodic languages and automata with an application to time granularity ⋮ Naive, resolute or sophisticated? A study of dynamic decision making ⋮ Robust bidding and revenue in descending price auctions ⋮ On the consensus effect ⋮ Dutch vs. first-price auctions with expectations-based loss-averse bidders ⋮ Payoff equivalence in sealed bid auctions and the dual theory of choice under risk ⋮ Violations of the betweenness axiom and nonlinearity in probability

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