EconPapers    
Economics at your fingertips  
 

English auctions and the Stolper-Samuelson theorem

Juan Dubra (), Federico Echenique () and Alejandro Manelli

MPRA Paper from University Library of Munich, Germany

Abstract: We prove that the English auction (with bidders that need not be ex ante identical and may have interdependent valuations) has an efficient ex post equilibrium. We establish this result for environments where it has not been previously obtained. We also prove two versions of the Stolper-Samuelson theorem, one for economies with n goods and n factors, and one for non-square economies. Similar assumptions and methods underlie these seemingly unrelated results.

Keywords: English auctions; Stolper-Samuelson; single crossing (search for similar items in EconPapers)
JEL-codes: F11 D44 C60 (search for similar items in EconPapers)
Date: 2007-11-15
New Economics Papers: this item is included in nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/8218/1/MPRA_paper_8218.pdf original version (application/pdf)

Related works:
Journal Article: English auctions and the Stolper-Samuelson theorem (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8218

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2020-06-19
Handle: RePEc:pra:mprapa:8218