We considered the Ausubel-Milgrom ascending proxy auction, which they sell as the best of both worlds: under full information, prot-target equilibria coincide with the bidder-optimal points in the core (like in Bernheim and Whinston); and when goods are substitutes, truthful bidding is an equilibrium even with private information, leading to an ecient outcome as in the Vickrey auction. However, we havent been able to say much on the theoretical side about private information combined with complementarities. (Finally, for variety, we wrapped up with some analysis of wars of attrition and a generalized all-pay setting.) So, where do we go from here?
Term papers experts is a licensed Academic Writing Service created to offer academic help to students from all parts of the world. Our writing services are unique and offer more than just a piece of assignment. We have a pool of extremely qualified and experienced writers who do your assignments with dedication.
WEBSITE LIVE CHAT:
+1 (205) 286-5157
Any Given Deadline