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  • 1
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Topics in theoretical economics 5.2005, 1, art2 
    ISSN: 1534-598X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: We consider a single indivisible object auctioned in an ascending bid English auction. Two variations of this auction are compared with respect to the seller's revenue. In the first mechanism the participants observe the identity of a bidder that drops from the auction while in the second variation they only observe that someone has dropped, however this bidder remains anonymous. We show that the anonymous mechanism could yield a higher expected revenue to the seller and that, generically, neither auction format dominates the other with respect to revenue maximization.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Advances of theoretical economics 6.2006, 1, art1 
    ISSN: 1534-5963
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: We study the emergence and nature of long-run behavior of continuous state space dynamics that are subjected to random shocks. It is shown that the fine details of the underlying deterministic dynamics may be crucial in determining the evolution of the system. In particular, a risk dominated strategy can emerge in an evolutionary game subject to symmetric decaying perturbations.
    Type of Medium: Electronic Resource
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