Optimal welfare - PowerPoint PPT Presentation

Uniform Price Auctions: Equilibria and Efficiency

Uniform Price Auctions: Equilibria and Efficiency. Orestis Telelis University of Liverpool. Vangelis Markakis Athens University of Economics &amp; Business (AUEB). Outline. Intro to Multi-unit Auctions Uniform Price Auctions Pure Nash Equilibria: Existence, Computation and Efficiency

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Frank &amp; Bernanke 4th edition, 2009

Frank &amp; Bernanke 4th edition, 2009. Ch. 3: Supply and Demand: An Introduction. http://prezi.com/2mvbtqd9ushg/market-system/?auth_key=37842a81dd359b3c60b23d5a0915542d4e954c91. The Answer: Supply and Demand.

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377 views • 25 slides

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Optimal welfare - PowerPoint PPT Presentation

Uniform Price Auctions: Equilibria and Efficiency

Frank &amp;amp; Bernanke 4th edition, 2009

Frank & Bernanke 4th edition, 2009