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Rechts- und Staatswissenschaftliche Fakultät - Jahrgang 2010

Titel Experimental and theoretical essays in auctions and financial markets
Autor Sotirios Georganas
Publikationsform Dissertation
Abstract This dissertation deals with auctions and other, financial market mechanisms, and how they work in real life situations. Such mechanisms have been extensively studied in economics and many elegant results have been gained. These results have been also used in the design of real life auctions, competitions and financial markets. In this dissertation, I show that there are relevant facts that should influence mechanism design for practical purposes, but are omitted in the main corpus of the literature.
One of these facts, explored in the first chapter of the dissertation, based on a single authored manuscript of this author, deals with resale possibilities. Whenever a durable good is sold, there is always a possibility that it will be resold. Even when such resale is forbidden, many imaginative ways have been found to overcome the restrictions. The possibility of resale alters many standard results regarding the efficiency of the commonly used mechanisms and their revenue ranking. more...
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© Universitäts- und Landesbibliothek Bonn | Veröffentlicht: 12.03.2010