Arbeitspapier
The Herodotus Paradox
The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete information, and in so doing identify what we call the 'Herodotus Paradox.'
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 3135
- Classification
-
Wirtschaft
Noncooperative Games
Auctions
- Subject
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Auktionstheorie
Informationsökonomik
Spieltheorie
Gleichgewicht
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Baye, Michael R.
Kovenock, Dan
de Vries, Casper G.
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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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
- Baye, Michael R.
- Kovenock, Dan
- de Vries, Casper G.
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2010
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