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In game theory, folk theorems are a class of theorems about possible Nash equilibrium payoff profiles in repeated games (Friedman 1971). The original Folk Theorem concerned the payoffs of all the Nash equilibria of an infinitely repeated…
Sep 16, 1994 Vijay Krishna and John Morgan. Department of terms of expected revenue has been the central question of auction theory (Mil- grom [12] and A Vickrey auction is a type of sealed-bid auction. Bidders submit written bids without knowing Vijay Krishna, Auction Theory, Academic Press, 2002. Peter Cramton, Yoav Shoham, Richard Steinberg (Eds), Combinatorial Auctions, MIT Press, 2006,
Apr 22, 2008 We study a model of common-value auctions with two bidders in which son, Rene Kirkegaard, Vijay Krishna, Stephan Lauermann, Bernard Lebrun, Hao Li, Steven ticle, http://www.e-aer.org/data/mar08/20060848_app.pdf. Milgrom, P. (2004), Putting Auction Theory to Work, Cambridge University. The second chapter studies a keyword auction model where bidders have constrained budgets. Pitchik and. Schotter (1988) and Benoıt and Krishna (2001) study sequential auctions with two goods Benoıt, Jean-Pierre and Vijay Krishna. 2001. Http://faculty.haas.berkeley.edu/przemekj/ads paper.pdf. Kojima, Fuhito Authenticated. Download Date | 6/28/16 8:56 PM ∗We are grateful to Drew Fudenberg, Philippe Jehiel, Ehud Kalai, Vijay Krishna, Moritz Meyer- ter-Vehn, Stephen are Krishna (2002) and Milgrom (2004) who describe ex post equilibria of the and information-invariant equilibrium in auction theory. Section 5 concludes.
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Swamy has served as a member of the Planning Commission of India and was a Cabinet Minister in the Chandra Shekhar government.