학술논문
Robust Double Auction Mechanisms
이용수 32
- 영문명
- Robust Double Auction Mechanisms
- 발행기관
- 한국계량경제학회
- 저자명
- 윤기호(Kiho Yoon)
- 간행물 정보
- 『JOURNAL OF ECONOMIC THEORY AND ECONOMETRICS』Vol.34 No.4, 36~49쪽, 전체 14쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2023.12.31
4,480원
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국문 초록
영문 초록
We study the robust double auction mechanisms, that is, the double auction mechanisms that satisfy dominant strategy incentive compatibility, expost individual rationality and ex-post budget balance. We first establish that the price in any robust mechanism does not depend on the valuations of the trading players. We next establish that, with a non-bossiness assumption, the price in any robust mechanism does not depend on players’ valuations at all, whether trading or non-trading. Our main result is the characterization result that, with a nonbossy assumption along with other assumptions on the properties of the mechanism, the generalized posted mechanism in which a constant price is posted for each possible set of traders is the only robust double auction mechanism.
목차
1. INTRODUCTION
2. THE CHARACTERIZATION
3. CONCLUSION
REFERENCES
해당간행물 수록 논문
- JOURNAL OF ECONOMIC THEORY AND ECONOMETRICS Vol.34 No.4 목차
- Optimal Assignment of Soldiers to Service-Units: A Supply and Demand Framework
- Platform Competition in Two-sided Markets and Welfare Implications
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