Arbeitspapier
Immediate demand reduction in simultaneous ascending bid auctions
The present note analyzes the Simultaneous Ascending Bid Auction with arbitrarily many bidders with decreasing marginal valuations under complete information. We show that the game is solvable by iterated elimination of weakly dominated strategies if the efficient allocation assigns at least one unit to every player and if bid increments are sufficiently small. In that unique equilibrium, bidders immediately reduce their demand to the efficient allocation, and the auction ends in the first round of bidding.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 1315
- Classification
-
Wirtschaft
Rationing; Licensing
Auctions
- Subject
-
Simultaneous Ascending Auction
weak dominance
multi-unit auctions
game theory
Auktionstheorie
Vollkommene Information
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Riedel, Frank
Wolfstetter, Elmar
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Riedel, Frank
- Wolfstetter, Elmar
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2004
Other Objects (12)
Untersuchungen zur Struktur von isoliertem Chromatin mit Hilfe der Messung von Viskosität und Sedimentationskoeffizient
Evolutionary stability of first price auctions
Zusammenhang elektrischer und struktureller Eigenschaften von Nickelsilizidausscheidungen in Silizium
Der Einsatz hyperspektraler Fernerkundungsdaten zur Analyse schwermetallbedingter Boden- und Pflanzenbelastungen in einem Auenökosystem unter besonderer Berücksichtigung der Feinmorphologie
A class of Health-Jarrow-Morton models in which the unbiased expectations hypothesis holds
Optimal consumption choice with intolerance for declining standard of living
Optimal stopping under ambiguity
Optimal consumption choice for ratchet investors
Uncertain acts in games
Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist
Optimal stopping under ambiguity in continuous time
Heterogeneous time preferences and interest rates: The preferred habitat theory revisited
Untersuchungen zur Struktur von isoliertem Chromatin mit Hilfe der Messung von Viskosität und Sedimentationskoeffizient
Evolutionary stability of first price auctions
Zusammenhang elektrischer und struktureller Eigenschaften von Nickelsilizidausscheidungen in Silizium
Der Einsatz hyperspektraler Fernerkundungsdaten zur Analyse schwermetallbedingter Boden- und Pflanzenbelastungen in einem Auenökosystem unter besonderer Berücksichtigung der Feinmorphologie
A class of Health-Jarrow-Morton models in which the unbiased expectations hypothesis holds
Optimal consumption choice with intolerance for declining standard of living
Optimal stopping under ambiguity
Optimal consumption choice for ratchet investors
Uncertain acts in games
Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist
Optimal stopping under ambiguity in continuous time
Heterogeneous time preferences and interest rates: The preferred habitat theory revisited
Untersuchungen zur Struktur von isoliertem Chromatin mit Hilfe der Messung von Viskosität und Sedimentationskoeffizient
Evolutionary stability of first price auctions
Zusammenhang elektrischer und struktureller Eigenschaften von Nickelsilizidausscheidungen in Silizium
Der Einsatz hyperspektraler Fernerkundungsdaten zur Analyse schwermetallbedingter Boden- und Pflanzenbelastungen in einem Auenökosystem unter besonderer Berücksichtigung der Feinmorphologie
A class of Health-Jarrow-Morton models in which the unbiased expectations hypothesis holds
Optimal consumption choice with intolerance for declining standard of living
Optimal stopping under ambiguity
Optimal consumption choice for ratchet investors
Uncertain acts in games
Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist
Optimal stopping under ambiguity in continuous time