摘要 : We investigate equilibrium in the buyer's bid double auction (BBDA) in a model with correlated private values/costs. Using a combination of theorems and computed examples, we demonstrate that simple equilibria exist even in small ... 展开
作者 | Williams~ Steven R. Zachariadis~ Konstantinos E. Satterthwaite~ Mark A. |
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作者单位 | |
期刊名称 | 《Games and economic behavior》 |
总页数 | 27 |
语种/中图分类号 | 英语 / O225 |
关键词 | Double auction Rational expectations Allocational efficiency Information aggregation Computation of equilibria K-DOUBLE AUCTION SIMPLE MARKET EFFICIENCY EXISTENCE EQUILIBRIUM CONVERGENCE INFORMATION BEHAVIOR SINGLE |
馆藏号 | N2009EPST0003620 |