Eficiencia en subastas de múltiples objetos
Date
2011
Authors
Mendiburu Díaz, Carlos H.
relationships.isContributorOfPublication
Kawamura, Enrique
Journal Title
Journal ISSN
Volume Title
Publisher
Universidad de San Andrés. Departamento de Economía
Abstract
This research aims to systematize recent findings about efficiency in multi-object auctions. The main questions are: Is it possible to reach efficiency in multi-object auctions? How? What factors affect efficiency, in theory and in practice? Several issues arise in the study of efficiency in auctions. For example, results vary depending on players attitude toward risk, on whether we assume private or common values, on whether objects are identical (which requires specifying whether each player has unit-demand or multi-unit demand), or heterogeneous (assuming players have de ned valuations for each possible package). A general point is that if one can use observed bids to infer valuations, it is possible to reach efficiency. For instance, it has been shown that efficiency can be achieved in multi-object auctions when players have independent private values and in common values settings with one-dimensional signals. This in general is not true with common values and multidimensional signals. Finally, there is a growing literature about experiments with auctions, designed in order to compare auction formats in terms of efficiency.
Description
Fil: Mendiburu Díaz, Carlos H.. Universidad de San Andrés. Departamento de Economía; Argentina.
Keywords
Auctions -- Mathematical models. , Subastas -- Modelos matemáticos.
Citation
Mendiburu Díaz, C. H. (2011). Eficiencia en subastas de múltiples objetos. [Tesis de maestría, Universidad de San Andrés. Departamento de Economía]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/610