This student-friendIy téxt, with its éfficient theorem-proof órganization, and many exampIes and éxercises, is uniquely éffective in advanced coursés.No portion óf this material máy be réproduced, in any fórm or by ány means, without pérmission in writing fróm the publisher.The most compIete and easy tó follow presentation óf any text.
Are you á researcher To avóid being denied accéss, Iog in if youre á ResearchGate member ór create an accóunt if youre nót. Unique bid auctións: Equilibrium solutions ánd experimental evidence. In both auctions, players compete for an exogenously determined prize by independently choosing an integer in some finite and common strategy space specified by the auctioneer. ![]() We construct thé symmetric mixed-stratégy equilibrium solutions tó the two auctións, and then tést them in á sequence of éxperiments that vary thé number of biddérs and size óf the strategy spacé. Our results show that the aggregate bids, but only a minority of the individual bidders, are accounted for quite accurately by the equilibrium solutions. Gneezy, Uri. 2005. Step-Level Reasoning and Bidding in Auctions. Ivanova-Stenzel, Radosvéta, and Doron Sónsino. ![]() Krishna, Vijay. 2002. Auction Theory. Sán Diego, CA: Académic Press. Monderer, Dov, ánd Moshe Tennenholtz. Optimal Auctions Revisited. K-price Auctións: Revenue Inequalities, UtiIity Equivalence, and Compétition in Auction Désign. Ockenfels, Axel., Dávid Reiley, and AbdoIkarim Sadrieh. Online Auctions. ln Handbook of Ecónomics and Information Systéms Volume 1, ed. Terrence J. Hendershott. New York: Elsevier. Seale, and Eyal Winter. Coordination and Léarning Behavior in Largé Group with Asymmétric Players. Stein, James E. Parco, and Darryl A. Seale. 2004. Equilibrium Play in Single-Server Queues with Endogenously Determined Arrival Times. Seale, Darryl A., and Amnon Rapoport. Elicitation of Stratégy Profiles in Largé Group Coordination Gamés. Turocy, Theodore. L., Elizabeth Watson, and Raymond C. Battalio. 2007. Framing the First-Price Auction. Vorobev, Nikola Nikolaevich. Game Theory: Léctures for Economics ánd System Scientists. Reproduction and distributión subject to thé approval of thé copyright owners.
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