Inefficient ex-post equilibria in efficient auctions

被引：3
|
作者：
Birulin, O [1 ]
机构：
[1] Penn State Univ, Dept Econ, University Pk, PA 16801 USA
来源：
ECONOMIC THEORY | 2003年 / 22卷 / 03期
关键词：
auction; VCG mechnism; ex-post equilibrium; efficiency;
D O I：
10.1007/s00199-002-0317-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I consider a single-object English auction with two asymmetric bidders and show that it has a continuum of inefficient undominated ex-post equilibria. The result extends for the generalized VCG mechanism, Dasgupta-Maskin auction and, generally, for every auction that has an efficient ex-post equilibrium.
引用
收藏
页码：675 / 683
页数：9
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