On Some Collusive and Signaling Equilibria in Ascending Auctions for Multiple Objects

Economics

Speaker:Gian Luigi Albano, University College, London
Date: Friday 23 November 2001
Time: 16:15
Location: Room 106 Streatam Court

Further details

(with F. Germano and S. Lovo)

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.