About: Second best efficiency and the English auction

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	We study the second best in a single unit sale to two bidders. This is the allocation that maximizes the expected social surplus subject to the biddersʼ incentive compatible constraints when the first best is not implementable. We prove that Maskinʼs (1992) result that any first best allocation that is deterministic and monotone can be implemented with the English auction carries over to the second best. We study the second best in a single unit sale to two bidders. This is the allocation that maximizes the expected social surplus subject to the biddersʼ incentive compatible constraints when the first best is not implementable. We prove that Maskinʼs (1992) result that any first best allocation that is deterministic and monotone can be implemented with the English auction carries over to the second best. (en)
Title	Second best efficiency and the English auction Second best efficiency and the English auction (en)
skos:prefLabel	Second best efficiency and the English auction Second best efficiency and the English auction (en)
skos:notation	RIV/67985998:_____/11:00364945!RIV12-AV0-67985998
http://linked.open...avai/predkladatel	Národohospodářský ústav AV ČR, v.v.i.
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(AV0Z70850503)
http://linked.open...iv/cisloPeriodika	2
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Michelucci, Fabio
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Národohospodářský ústav AV ČR, v. v. i.
http://linked.open...dnocenehoVysledku	228506
http://linked.open...ai/riv/idVysledku	RIV/67985998:_____/11:00364945
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	auctions; efficiency; mechanism design (en)
http://linked.open.../riv/klicoveSlovo	auctions mechanism design efficiency
http://linked.open...odStatuVydavatele	US - Spojené státy americké
http://linked.open...ontrolniKodProRIV	[603E88279828]
http://linked.open...i/riv/nazevZdroje	Games and Economic Behavior
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	73
http://linked.open...iv/tvurceVysledku	Hernando-Veciana, Á. Michelucci, Fabio
http://linked.open...ain/vavai/riv/wos	000296545200013
http://linked.open...n/vavai/riv/zamer	Economic Aspects of EU and EMU Entry
issn	0899-8256
number of pages	11 (xsd:int)
http://bibframe.org/vocab/doi	10.1016/j.geb.2011.04.003
is http://linked.open...avai/riv/vysledek of	Second best efficiency and the English auction Second best efficiency and the English auction

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