The Herodotus Paradox
The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete information, and in so doing identify what we call the “Herodotus Paradox.”
|Date of creation:||Jul 2010|
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Web page: http://kelley.iu.edu/bepp/
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- Michael R. Baye & Dan Kovenock J. & Casper De Vries, 2010.
"The Herodotus Paradox,"
CESifo Working Paper Series
3135, CESifo Group Munich.
- Michael R. Baye & Dan Kovenock & Casper G. de Vries, 2010. "The Herodotus Paradox," Working Papers 2010-16, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Michael R. Baye & Dan Kovenock & Casper G. de Vries, 2010. "The Herodotus Paradox," Tinbergen Institute Discussion Papers 10-090/2, Tinbergen Institute.
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"Optimal Auctions with Risk Averse Buyers,"
Econometric Society, vol. 52(6), pages 1473-1518, November.
- Baye, Michael R. & Kovenock, Dan & Vries, Casper G. de, 2009.
"Contests with rank-order spillovers,"
Discussion Papers, Research Unit: Market Processes and Governance
SP II 2009-09, Social Science Research Center Berlin (WZB).
- Michael R. Baye & Dan Kovenock & Casper G. de Vries, 2009. "Contests with Rank-Order Spillovers," Tinbergen Institute Discussion Papers 09-066/2, Tinbergen Institute.
- Michael R. Baye & Dan Kovenock & Casper G. de Vries, 2008. "Contests with Rank-Order Spillovers," Working Papers 2008-20, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
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American Economic Review,
American Economic Association, vol. 71(3), pages 381-392, June.
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"A Theory of Auctions and Competitive Bidding,"
447R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Barton L. Lipman & Sugato Bhattacharyya, 1995.
"Ex ante versus interim rationality and the existence of bubbles,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(3), pages 469-494.
- Bhattacharyya, Sugato & Lipman, Barton L, 1995. "Ex ante versus Interim Rationality and the Existence of Bubbles," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(3), pages 469-494, November.
- Sugato Bhattacharyya & Barton L. Lipman, 1992. "Ex Ante versus Interim rationality and the existence of bubbles," Working Papers 851, Queen's University, Department of Economics.
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