کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5071592 1477067 2015 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bribing in second-price auctions
ترجمه فارسی عنوان
رشوه دادن در مزایده های دوم قیمت
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
An IPV 2-bidder second-price auction is preceded by two rounds of bribing: prior to the auction each bidder can try to bribe his rival to depart from the auction, so that he (the briber) will become the sole participant. Bribes are offered sequentially, according to an exogenously given order. Restricting attention to pure strategies (and imposing a certain refinement), I study the efficient equilibria of this game. In any such equilibrium, whenever the first mover offers a strictly positive bribe, this bribe is given by his surplus: his valuation minus the payoff that he would have received in the dominant-strategy equilibrium of the auction. I derive a necessary and sufficient condition for the existence of such an equilibrium. I also extend this equilibrium's construction to a model with general valuations, not necessarily IPV.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 92, July 2015, Pages 191-205
نویسندگان
,