Existence of Equilibria in Auctions with Private Values

2010 ◽  
Author(s):  
Robert B. Wilson ◽  
Srihari Govindan
Keyword(s):  
Private Values ◽  
Existence Of Equilibria

The Simple Algebra of Surplus in Open, Private Values Auctions

2017 ◽  
Author(s):  
Luke Froeb ◽  
Vlad Mares ◽  
Steven Tschantz
Keyword(s):  
Simple Algebra ◽  
Private Values

scholarly journals Core-stable rings in auctions with independent private values

2011 ◽  
Vol 73 (1) ◽  
pp. 52-64 ◽  
Author(s):  
Omer Biran ◽  
Françoise Forges
Keyword(s):  
Private Values ◽  
Independent Private Values

scholarly journals An Efficient Ascending-Bid Auction for Multiple Objects

2004 ◽  
Vol 94 (5) ◽  
pp. 1452-1475 ◽  
Author(s):  
Lawrence M Ausubel
Keyword(s):  
Privacy Preservation ◽  
Winner's Curse ◽  
Multiple Objects ◽  
Vickrey Auction ◽  
Treasury Bills ◽  
Winner’S Curse ◽  
Sealed Bid ◽  
Interdependent Values ◽  
Private Values ◽  
Current Price

When bidders exhibit multi-unit demands, standard auction methods generally yield inefficient outcomes. This article proposes a new ascending-bid auction for homogeneous goods, such as Treasury bills or telecommunications spectrum. The auctioneer announces a price and bidders respond with quantities. Items are awarded at the current price whenever they are “clinched,” and the price is incremented until the market clears. With private values, this (dynamic) auction yields the same outcome as the (sealed-bid) Vickrey auction, but has advantages of simplicity and privacy preservation. With interdependent values, this auction may retain efficiency, whereas the Vickrey auction suffers from a generalized Winner's Curse.

Rent-seeking contests with private values and resale

Public Choice ◽  
2008 ◽  
Vol 138 (3-4) ◽  
pp. 409-422 ◽  
Author(s):  
Yong Sui
Keyword(s):  
Rent Seeking ◽  
Private Values

scholarly journals Mathematical Analysis of an Epidemic-Species Hybrid Dynamical System

2014 ◽  
Vol 2014 ◽  
pp. 1-11 ◽  
Author(s):  
Jing Hui ◽  
Jian-Hua Pang ◽  
Dong-Rong Lin
Keyword(s):  
Dynamical System ◽  
Hopf Bifurcation ◽  
Local Stability ◽  
Orbital Stability ◽  
Species Hybrid ◽  
Hybrid Dynamical System ◽  
Mathematical Analyses ◽  
Existence Of Equilibria ◽  
Impulsive Releasing ◽  
Infected Prey

We consider an epidemic-species hybrid dynamical system. The disease is spread among the prey only and the infected prey can reproduce virus. The predator only eats the infected prey. Mathematical analyses are given for the system with regard to the existence of equilibria, local stability, Hopf bifurcation, and the orbital stability of the Hopf bifurcating limit cycle. We further analyse the system under impulsive releasing of virus and predator.

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