Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
956995 | Journal of Economic Theory | 2009 | 25 Pages |
Abstract
We prove that the English auction (with bidders that need not be ex ante identical and may have interdependent valuations) has an efficient ex post equilibrium. We establish this result for environments where it has not been previously obtained. We also prove two versions of the Stolper–Samuelson theorem, one for economies with n goods and n factors, and one for non-square economies. Similar assumptions and methods underlie these seemingly unrelated results.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Juan Dubra, Federico Echenique, Alejandro M. Manelli,