### Resumé

### Workshop

Workshop | Arne Ryde Workshop with Copenhagen Network for Experimental Economics (CNEE) |
---|---|

Lokation | Kulturen |

Land | Sverige |

By | Lund |

Periode | 16/11/2017 → 16/11/2017 |

Internetadresse |

### Bibliografisk note

CBS Bibliotek har ikke adgang til materialet

### Citer dette

*Equilibrium Selection with Risk Dominance in a Multiple-unit Unit Uniform Price Auction*. Afhandling præsenteret på Arne Ryde Workshop with Copenhagen Network for Experimental Economics (CNEE), Lund, Sverige.

}

**Equilibrium Selection with Risk Dominance in a Multiple-unit Unit Uniform Price Auction.** / Boom, Anette.

Publikation: Bidrag til konference › Paper › Forskning › peer review

TY - CONF

T1 - Equilibrium Selection with Risk Dominance in a Multiple-unit Unit Uniform Price Auction

AU - Boom,Anette

N1 - CBS Library does not have access to the material

PY - 2017

Y1 - 2017

N2 - This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two sellers compete in order to serve a fixed demand. The equilibria where the firm with the larger capacity bids the maximum price, serves the residual demand and is undercut by the low capacity firm that sells its total capacity risk dominate the equilibria where the roles are interchanged.

AB - This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two sellers compete in order to serve a fixed demand. The equilibria where the firm with the larger capacity bids the maximum price, serves the residual demand and is undercut by the low capacity firm that sells its total capacity risk dominate the equilibria where the roles are interchanged.

M3 - Paper

ER -