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Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27170
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Dubey, Pradeep | | en_US |
| dc.contributor.author | | Sondermann, Dieter | | en_US |
| dc.date.accessioned | | 2008-12-10 | | en_US |
| dc.date.accessioned | | 2009-08-06T12:41:00Z | | - |
| dc.date.available | | 2009-08-06T12:41:00Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/27170 | | - |
| dc.description.abstract | | We show that if limit orders are required to vary smoothly, then strategic (Nash) equilibria of the double auction mechanism yield competitive (Walras) allocations. It is not necessary to have competitors on any side of any market: smooth trading is a substitute for price wars. In particular, Nash equilibria are Walrasian even in a bilateral monopoly. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Graduate School of Economics Bonn | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2008,9 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.jel | | D41 | | en_US |
| dc.subject.jel | | D44 | | en_US |
| dc.subject.jel | | D61 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Limit orders | | en_US |
| dc.subject.keyword | | double auction | | en_US |
| dc.subject.keyword | | Nash equilibria | | en_US |
| dc.subject.keyword | | Walras equilibria | | en_US |
| dc.subject.keyword | | mechanism design | | en_US |
| dc.subject.stw | | Auktionstheorie | | en_US |
| dc.subject.stw | | Nash-Gleichgewicht | | en_US |
| dc.subject.stw | | Allgemeines Gleichgewicht | | en_US |
| dc.subject.stw | | Mechanism Design | | en_US |
| dc.subject.stw | | Oligopol | | en_US |
| dc.subject.stw | | Bilaterales Monopol | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Perfect competition in an oligopoly (including bilateral monopoly) | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 587681683 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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