On Some Collusive and Signaling Equilibria in Ascending Auctions for Multiple Objects
Data
01.01.2001
01.01.2001
Autori
Gian Luigi Albano, Fabrizio Germano, Stefano Lovo
Codice JEL
C72,D44
C72,D44
Parole chiave:
Multi-unit auctions,ascending auctions,FCC auctions,
Multi-unit auctions,ascending auctions,FCC auctions,
Publisher
Economy and Society
Economy and Society
Editor
Fausto Panunzi
Fausto Panunzi
We consider two ascending auctions and show that many of the (unwanted) collusive or signaling equilibria studied in the literature in the framework of the SEAMO (simultaneous English auction for multiple objects) don’t have a counterpart in the JAMO (Japanese auction for multiple objects). We show however that certain retaliatory equilibria do exist in both auctions.