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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38961
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Biran, Omer | | en_US |
| dc.contributor.author | | Forges, Françoise | | en_US |
| dc.date.accessioned | | 2010-06-17 | | en_US |
| dc.date.accessioned | | 2010-08-18T11:18:48Z | | - |
| dc.date.available | | 2010-08-18T11:18:48Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/38961 | | - |
| dc.description.abstract | | We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game with independent private values. The ex ante expected utilities of coalitions, at an incentive compatible (noncooperative) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable characteristic function, derived from the partition form game, is not empty. As an application, we study collusion in auctions in which the bidders' final utility possibly depends on the winner's identity. We show that such direct externalities offer a possible explanation for cartels' structures (not) observed in practice. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper Industrial Organisation 3067 | | en_US |
| dc.subject.jel | | C71 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.jel | | D44 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | auctions | | en_US |
| dc.subject.keyword | | Bayesian game | | en_US |
| dc.subject.keyword | | collusion | | en_US |
| dc.subject.keyword | | core | | en_US |
| dc.subject.keyword | | partition function game | | en_US |
| dc.subject.stw | | Auktionstheorie | | en_US |
| dc.subject.stw | | Koalition | | en_US |
| dc.subject.stw | | Bayes-Statistik | | en_US |
| dc.subject.stw | | Core | | en_US |
| dc.subject.stw | | Kartell | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Core-stable rings in auctions with independent private values | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 629488525 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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