Accession Number:

ADA123665

Title:

A Theory of Auctions and Competitive Bidding.

Descriptive Note:

Technical rept.,

Corporate Author:

STANFORD UNIV CA INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES

Personal Author(s):

Report Date:

1981-12-01

Pagination or Media Count:

71.0

Abstract:

In Section 2, we review some important results of the received auction theory, introduce a new general auction model, and summarize the results of our analysis. Section 3 contains a formal statement of our model, and develops the properties of affiliated random variables. The various theorems are presented in Sections 4-8. In Section 9, we offer our views on the current state of auction theory. Following Section 9 is a technical appendix dealing with affiliated random variables.

Subject Categories:

  • Economics and Cost Analysis
  • Statistics and Probability

Distribution Statement:

APPROVED FOR PUBLIC RELEASE