Article ID Journal Published Year Pages File Type
956995 Journal of Economic Theory 2009 25 Pages PDF
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
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