Journal article
Robust competitive auctions
Abstract
A competitive distribution of auctions (Peters 1997) is robust to the possibility of a seller’s deviation to any arbitrary mechanisms, let alone direct mechanisms because the sufficient condition for the robustness is embedded in its notion of equilibrium.
Authors
Han S
Journal
Economics Letters, Vol. 136, , pp. 207–210
Publisher
Elsevier
Publication Date
November 2015
DOI
10.1016/j.econlet.2015.09.031
ISSN
0165-1765