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Non-monotoniticies and the all-pay auction tie-breaking rule
(Springer, 2008-06)
Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined ...
Policy Rules and Bidding Behaviour in the Ethiopian Foreign Exchange Auction
(ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios, 2014)
Pure strategy equilibria of multidimensional and non-monotonic auctions
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2004-11-01)
We give necessary and sufficient conditions for the existence of symmetric equilibrium without ties in interdependent values auctions, with multidimensional independent types and no monotonic assumptions. In this case, ...
Pure strategy equilibria of single and double auctions with interdependent values
(Academic Press Inc Elsevier Science, 2009-01)
We prove the existence of monotonic pure strategy equilibrium for many kinds of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only ...
Empirical analysis of scoring auctions for oil and gas leases
(Escola de Pós-Graduação em Economia da FGV, 2017-10)
I study a scoring auctions implemented in Brazil to sell oil exploration rights. Differently from most sales of this kind, bidders had to submit a multi-dimensional bid that included a bonus and an exploratory program. A ...
Price computation in electricity auctions with complex rules: An analysis of investment signals
(Elsevier Sci Ltd, 2017-06)
This paper discusses the problem of defining marginal costs when integer variables are present, in the context of short-term power auctions. Most of the proposals for price computation existing in the literature are concerned ...
Shortcomings of the Brazilian pre-salt auction design
(Fundação Getúlio Vargas, 2016-12-01)
The Brazilian government instituted a new regulatory framework for auctioning pre-salt oil reserves to replace the previous concession regime with a profitshare bidding auction. Motivated by the new rules, we present a ...