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

2010
Journal article

On Equilibrium Existence In Payoff Secure Games

Publisher: Economic Theory

Authors: Pavlo Prokopovych

2010
Working paper

Domain L‑Majorization and Equilibrium Existence in Discontinuous Games

Publisher: SSRN

Authors: Pavlo Prokopovych

2013
Working paper

On Uniform Conditions for the Existence of Mixed Strategy Equilibria

Publisher: SSRN

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

2019
Journal article

On Monotone Approximate And Exact Equilibria Of An Asymmetric First‑Price Auction With Affiliated Private Information

Publisher: Economic Theory

Authors: Pavlo Prokopovych, Nicholas C. Yannelis

2003
Working paper

Subgame Perfect Correlated Equilibria in Repeated Games

Publisher: University of Michigan

Authors: Pavlo Prokopovych, Lones Smith

2012
Journal article

The Single Deviation Property In Games With Discontinuous Payoffs

Publisher: Economic Theory

Authors: Pavlo Prokopovych

2015
Journal article

Majorized Correspondences And Equilibrium Existence In Discontinuous Games

Publisher: Economic Theory

Authors: Pavlo Prokopovych

2017
Journal article

On Strategic Complementarities In Discontinuous Games With Totally Ordered Strategies

Publisher: Mathematical Economics

Authors: Pavlo Prokopovych, Nicholas C. Yannelis