Skip to content Skip to navigation
University of Warwick
  • Study
  • |
  • Research
  • |
  • Business
  • |
  • Alumni
  • |
  • News
  • |
  • About

University of Warwick
Publications service & WRAP

Highlight your research

  • WRAP
    • Home
    • Search WRAP
    • Browse by Warwick Author
    • Browse WRAP by Year
    • Browse WRAP by Subject
    • Browse WRAP by Department
    • Browse WRAP by Funder
    • Browse Theses by Department
  • Publications Service
    • Home
    • Search Publications Service
    • Browse by Warwick Author
    • Browse Publications service by Year
    • Browse Publications service by Subject
    • Browse Publications service by Department
    • Browse Publications service by Funder
  • Help & Advice
University of Warwick

The Library

  • Login
  • Admin

The deficit on each trade in a Vickrey double auction is at least as large as the Walrasian price gap

Tools
- Tools
+ Tools

Loertscher, Simon and Mezzetti, Claudio (2019) The deficit on each trade in a Vickrey double auction is at least as large as the Walrasian price gap. Journal of Mathematical Economics, 84 . pp. 101-106. doi:10.1016/j.jmateco.2019.07.004

[img]
Preview
PDF
WRAP-deficit-each-trade-Vickrey-double-auction-least-large-Walrasian-price-gap-Mezzetti-2019.pdf - Accepted Version - Requires a PDF viewer.
Available under License Creative Commons Attribution Non-commercial No Derivatives 4.0.

Download (690Kb) | Preview
Official URL: http://dx.doi.org/10.1016/j.jmateco.2019.07.004

Request Changes to record.

Abstract

We prove that the de cit on each trade in a Vickrey double auction for a homogeneous good with multi-unit traders with multi-dimensional types is at least as large as the Walrasian price gap. We also show that as the number of traders grows large the aggregate de cit is bounded below by the ratio of the Walrasian price and the elasticity of excess supply at the Walrasian price.

Item Type: Journal Article
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HJ Public Finance
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Deficit financing, Auctions
Journal or Publication Title: Journal of Mathematical Economics
Publisher: Elsevier
ISSN: 0304-4068
Official Date: October 2019
Dates:
DateEvent
October 2019Published
26 July 2019Available
17 July 2019Accepted
Volume: 84
Page Range: pp. 101-106
DOI: 10.1016/j.jmateco.2019.07.004
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
RIOXX Funder/Project Grant:
Project/Grant IDRIOXX Funder NameFunder ID
DP12010269[ARC] Australian Research Councilhttp://dx.doi.org/10.13039/501100000923
UNSPECIFIEDSamuel and June Hordern EndowmentUNSPECIFIED

Request changes or add full text files to a record

Repository staff actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics

twitter

Email us: wrap@warwick.ac.uk
Contact Details
About Us