Journal article

On Nondegenerate Equilibria Of Double Auctions With Several Buyers And A Price Floor

Year:

2021

Published in:

Economic Theory
Double auction
Nondegenerate equilibrium
Generalized convexity
Payoff security
Local intersection property

This paper investigates the existence of a nondegenerate pure-strategy Bayesian-Nash equilibrium in a double auction between one seller and several heterogeneous buyers in the independent private value framework. It begins with three examples describing some of the model’s particular features. After studying a number of continuity-related properties of the interim payoff functions, we construct a sequence of strategy profiles that converges to a nondegenerate monotone Bayesian-Nash equilibrium of the game under some strict monotonicity conditions. The equilibrium existence result is applied to a double auction with risk-averse bidders.

Other publications by

16 publications found

2005
Working paper

Essays On Repeated Games

Publisher: University of Michigan ProQuest Dissertations & Theses

Authors: Pavlo Prokopovych

2014
Journal article

On The Existence Of Mixed Strategy Nash Equilibria

Publisher: Mathematical Economics

Authors: Pavlo Prokopovych, Nicholas C. Yannelis

2022
Conference proceedings

Synthesis Of A Passive Unloading Orthosis With Mechanical Feedback

Publisher: International Scientific and Technical Conference “SOURCE OF TECHNOLOGIES OF BIOMEDICAL ENGINEERING”

Authors: Pavlo Prokopovych, Sofia Kovban, Polina Verbytska, Alisa Cherkashina, Ihor Sydorenko

2009
Working paper

A Short Proof of Reny's Existence Theorem for Payoff Secure Games

Publisher: SSRN

Authors: Pavlo Prokopovych

2012
Journal article

The Single Deviation Property In Games With Discontinuous Payoffs

Publisher: Economic Theory

Authors: Pavlo Prokopovych