| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5071996 | Games and Economic Behavior | 2012 | 8 Pages |
Abstract
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.”
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Economics and Econometrics
Authors
Michael R. Baye, Dan Kovenock, Casper G. de Vries,