Impact of second-order uncertainty on the efficiency of the 0.5-double auction
This paper studies the impact of second-order uncertainty on the (ex-post) efficiency of the 0.5-double auction. We consider a discrete double auction model in which the seller’s valuation is either v¯s or v¯s and the buyer’s valuation is either v¯b or v¯b with 0=v¯s
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Morris, S & Song Shin, H, 1996.
"Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks,"
126, Economics Group, Nuffield College, University of Oxford.
- Morris, Stephen & Shin, Hyun Song, 1998. "Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks," American Economic Review, American Economic Association, vol. 88(3), pages 587-97, June.
- Morris, Stephen & Shin, Hyun Song, 1997. "Unique Equilibrium in a Model of Self-fulfilling Currency Attacks," CEPR Discussion Papers 1687, C.E.P.R. Discussion Papers.
- Muhamet Yildiz & Jonathan Weinsten, 2004.
"Impact of higher-order uncertainty,"
Econometric Society 2004 North American Winter Meetings
157, Econometric Society.
- Myerson, Roger B. & Satterthwaite, Mark A., 1983.
"Efficient mechanisms for bilateral trading,"
Journal of Economic Theory,
Elsevier, vol. 29(2), pages 265-281, April.
- Yossi Feinberg & Andrzej Skrzypacz, 2005. "Uncertainty about Uncertainty and Delay in Bargaining," Econometrica, Econometric Society, vol. 73(1), pages 69-91, 01.
- Leininger, W. & Linhart, P. B. & Radner, R., 1989. "Equilibria of the sealed-bid mechanism for bargaining with incomplete information," Journal of Economic Theory, Elsevier, vol. 48(1), pages 63-106, June.
- Satterthwaite, Mark A. & Williams, Steven R., 1989. "Bilateral trade with the sealed bid k-double auction: Existence and efficiency," Journal of Economic Theory, Elsevier, vol. 48(1), pages 107-133, June.
- Rubinstein, Ariel, 1989. "The Electronic Mail Game: Strategic Behavior under "Almost Common Knowledge."," American Economic Review, American Economic Association, vol. 79(3), pages 385-91, June.
When requesting a correction, please mention this item's handle: RePEc:eee:matsoc:v:65:y:2013:i:1:p:67-71. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.