R Wilson - Handbook of game theory with economic applications, 1992 - Elsevier
Publisher Summary This chapter describes several forms of auctions, presents the formulations used in the main models, reviews some of the general results and empirical …
RA Dye - Journal of accounting research, 1985 - JSTOR
In this paper, I provide two theories about why management might withhold information which is not proprietary, together with an analysis of the consequences of altering various …
Three topics are discussed. The first is a research program to establish whether the familiar trading rules, such as sealed-bid and oral double auctions, are incentive efficient over a …
B Holmström, RB Myerson - Econometrica: Journal of the Econometric …, 1983 - JSTOR
We compare six concepts of efficiency for economies with incomplete information, depending on the stage at which individuals' welfare is evaluated and on whether incentive …
The formation of coalitions to achieve both collaborative and competitive goals is a phenomenon we see all around us. The list of examples of this phenomenon is long and …
JJ Laffont, D Martimort - Econometrica: Journal of the Econometric Society, 1997 - JSTOR
When applied to groups, the Revelation Principle postulates a Bayesian-Nash behavior between agents. Their binding agreements are unenforceable or the principal can prevent …
Game theory is a key element in most decision-making processes involving two or more people or organisations. This book explains how game theory can predict the outcome of …
R Wilson - Econometrica: Journal of the Econometric Society, 1985 - JSTOR
Incentive Efficiency of Double Auctions Page 1 Econometrica, Vol. 53, No. 5 (September, 1985) INCENTIVE EFFICIENCY OF DOUBLE AUCTIONS BY ROBERT WILSONI For a specified …
S Morris - Econometrica: Journal of the Econometric Society, 1994 - JSTOR
" No trade" theorems have shown that new information will not lead to trade when agents share the same prior beliefs. This paper explores the structure of no trade theorems with …