EQUILIBRIA EXISTENCE AND CHARACTERIZATION IN AUCTIONS: ACHIEVEMENTS AND OPEN QUESTIONS
这篇综述回顾了拍卖中均衡存在性与刻画的重要成果,梳理了标准假设,并讨论了纳什均衡概念的适用性,对研究拍卖理论的学者有参考价值。
Abstract Establishing existence and characterizing equilibria are both important achievements in the study of auctions. However, we recognize that equilibria existence results form the basis for well accepted characterizations. In this survey, we review the landmark results and highlight open questions regarding equilibria existence and characterizations in auctions. In addition, we review the standard assumptions underlying these results, and discuss the suitability of the Nash equilibrium solution concept. We focus our review on single‐object auctions, but also review results in multi‐unit, divisible, combinatorial and double auctions.