The American Economic Review, Volume 97American Economic Association., 2007 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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... English auction becomes a simple English auction.2 1 We view the generalized English auction in the same light as the tâtonnement processes in the theory of general equilibrium ( see , e.g. , An- dreu Mas - Colell , Michael D. Whinston ...
... English auction becomes a simple English auction.2 1 We view the generalized English auction in the same light as the tâtonnement processes in the theory of general equilibrium ( see , e.g. , An- dreu Mas - Colell , Michael D. Whinston ...
Página 253
... English auction and the second - price sealed - bid auction under private values ( Vickrey 1961 ) . Note , however , that the intuition is very different : Vickrey's result follows simply from the existence of equilibria in dominant ...
... English auction and the second - price sealed - bid auction under private values ( Vickrey 1961 ) . Note , however , that the intuition is very different : Vickrey's result follows simply from the existence of equilibria in dominant ...
Página 269
... auction such as a first- price auction with zero reserve price . Thus , the seller bears all equilibrium delay costs ... English Auction . - To interpret Theo- rem 2 , suppose , first , that the value of the seller's reputation is ...
... auction such as a first- price auction with zero reserve price . Thus , the seller bears all equilibrium delay costs ... English Auction . - To interpret Theo- rem 2 , suppose , first , that the value of the seller's reputation is ...
Índice
IRPS | 5 |
GEORGE A AKERLOF | 31 |
GIUSEPPE MOSCARINI | 37 |
Direitos de autor | |
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advertiser African American agents aggregate analysis asset assumption auction AUSTRALIAN OPEN average behavior benefits Besley bureaucrat buyer capital CB's central bank cities climate change conditional cash transfers constraint consumption growth cost crime currency decision denote distribution dynamics Econometrica employment share English auction envy-free equation equilibrium estimates example expected factor Figure fixed effects fraction function growth rate higher impact implies income increase individual industries inflation interest rate investment investors Journal liquidity trap litigation loss aversion lottery ment monetary nomic norms observed offer optimal output panel paper parameters payoff percent period portfolios predicted preferences probability of arrest productivity Qmax rational expectations regression revenues Ricardian equivalence risk sample Second Industrial Revolution Section sector seller shocks specification statistical Table technologies theory tion utility v₁ variables voting wage zero Zipf's law