Partnerships and Double Auctions with Interdependent Valuations PDF Download
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Author: Thomas Kittsteiner
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Languages : en
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Author: Thomas Kittsteiner
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Languages : en
Pages :
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Author: Nadja Trhal
Publisher: Kölner Wissenschaftsverlag
ISBN: 3937404716
Category : Economics
Languages : en
Pages : 198
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Author: Nadja Trhal
Publisher: Springer
ISBN: 3658246677
Category : Business & Economics
Languages : en
Pages : 182
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In recent years, traditional economic theory has been enriched by behavioral components. There is huge and rapidly growing evidence from empirical and experimental studies that mere profit maximization is in many cases not a good proxy of real-life decision-making and interaction in economic situations. Yet, although the concept of homo oeconomicus has subsequently been dismissed by many authors, behavior is not random or arbitrary, but follows systematic patterns and rules that researchers in the field of behavioral economics aim at understanding. This thesis adds to the understanding of actual economic decision-making by analyzing behavior in three different economic applications. The first application concerns experimental studies on the performance of partnership dissolution mechanisms. The second application studies the effects of policy instruments on a firm`s incentives to invest in R&D. Finally, the third application tests the impact of responsibility for being in a disadvantageous situation through deliberate risk-taking on solidarity behavior of economic agents. Potential readership includes scholars of experimental economics in the fields of mechanism design, industrial organization and social preferences as well as interested students and practitioners involved in these areas.
Author: Aloisio Araujo
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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We prove the existence of monotonic pure strategy equilibrium for many kinds of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only in the own bidder's type. The payments can be a function of all bids. Thus, we provide a new equilibrium existence result for asymmetrical double auctions and a small number of bidders. The generality of our setting requires the use of special tie-breaking rules. We present an example of a double auction with interdependent values where all equilibria are trivial, that is, they have zero probability of trade. This is related to Akerlof's “market for lemmons” example and to the “winner's curse,” establishing a connection between them. However, we are able to provide sufficient conditions for non-trivial equilibrium existence.
Author: Kim-Sau Chung
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 76
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Author: Peter Funk
Publisher:
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Category :
Languages : de
Pages : 11
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Author: Econometric Society. World Congress
Publisher: Cambridge University Press
ISBN: 0521871522
Category : Business & Economics
Languages : en
Pages : 431
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Author: De-Shuang Huang
Publisher: Springer
ISBN: 3540741712
Category : Computers
Languages : en
Pages : 1402
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This volume, in conjunction with the two volumes CICS 0002 and LNAI 4682, constitutes the refereed proceedings of the Third International Conference on Intelligent Computing held in Qingdao, China, in August 2007. The 139 full papers published here were carefully reviewed and selected from among 2,875 submissions. Collectively, these papers represent some of the most important findings and insights into the field of intelligent computing.
Author: Jacques Cremer
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Category :
Languages : en
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Author: Jacques CREMER
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Category :
Languages : en
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