Zobrazeno 1 - 10
of 13
pro vyhledávání: '"Paulo K. Monteiro"'
Autor:
Flavio M. Menezes, Paulo K. Monteiro
Auction theory is now an important component of an economist's training. The techniques and insights gained from the study of auction theory provide a useful starting point for those who want to venture into the economics of information, mechanism de
Publikováno v:
Journal of Mathematical Economics. 34:439-469
Autor:
Frank H. Page, Jr., Paulo K. Monteiro
We model strategic competition in a market with asymmetric information as a noncooperative game in which each firm competes for the business of a buyer of unknown type by offering the buyer a catalog of products and prices. The timing in our model is
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::cbecf80d5998a985cfc9f85e7dc57669
http://www.iub.edu/~caepr/RePEc/PDF/2007/CAEPR2007-025.pdf
http://www.iub.edu/~caepr/RePEc/PDF/2007/CAEPR2007-025.pdf
that an optimum is attained when holdings and aggregate shocks are discrete.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::f9a7c53c8ce3129c7ae3c8413c740f7c
https://economicdynamics.org/meetpapers/2007/paper_771.pdf
https://economicdynamics.org/meetpapers/2007/paper_771.pdf
Autor:
Flavio M. Menezes, Paulo K. Monteiro
This chapter presents the notion of affiliation and analyses its implications for equilibrium bidding functions and revenue. The notion of affiliation in a general multivariate context, and how theorems are essential to understanding how affiliation
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e245f39515a773e558e84cea5b39ead7
https://doi.org/10.1093/019927598x.003.0005
https://doi.org/10.1093/019927598x.003.0005
Autor:
Flavio M. Menezes, Paulo K. Monteiro
This chapter analyses the problems in developing a general theory of multiple-object auctions. Sequential second-price auctions and discriminatory and uniform auctions are examined. The optimal auction is characterized, and its expected revenue is co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::baa5796925e2813fe27ad8dd8e2ef263
https://doi.org/10.1093/019927598x.003.0007
https://doi.org/10.1093/019927598x.003.0007
Autor:
Flavio M. Menezes, Paulo K. Monteiro
This chapter presents the Independent Private Values model, wherein bidders’ values for the object being auctioned off is a function of only their own types. The equilibrium bidding strategies and seller’s expected revenue in four distinct types
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::75fbbbc1699e56644e25beecbf9e159e
https://doi.org/10.1093/019927598x.003.0003
https://doi.org/10.1093/019927598x.003.0003
Autor:
Flavio M. Menezes, Paulo K. Monteiro
Publikováno v:
An Introduction to Auction Theory ISBN: 019927598X
This introductory chapter provides three examples to illustrate the importance of auction theory to modern economics. These are the problem faced by a regulator wanting to regulate a monopolist with unknown costs, the design of a mechanism that will
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::04fa1f5362b6d3e6b645ab803fc8fc18
https://doi.org/10.1093/019927598x.003.0001
https://doi.org/10.1093/019927598x.003.0001
Autor:
Flavio M. Menezes, Paulo K. Monteiro
This chapter discusses common value auction models where the value of the object being sold is the same for all players, but is not known at the time of the auction. Two examples are presented to illustrate the effects of the common value assumption
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c60cc0efa0575981dcd7c12df99daba3
https://doi.org/10.1093/019927598x.003.0004
https://doi.org/10.1093/019927598x.003.0004
Autor:
Flavio M. Menezes, Paulo K. Monteiro
This chapter presents the concept of a Bayesian Nash equilibrium as defined by Harsanyi (1967). His approach was to transform a game of incomplete information into one of imperfect information; any buyer who has incomplete information about other buy
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::efacc0c8978e84dea1e47489d17ccb6f
https://doi.org/10.1093/019927598x.003.0002
https://doi.org/10.1093/019927598x.003.0002