Slope takers in anonymous markets (Record no. 525203)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 00995nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240214b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Quint, Daniel and Weretka, Marek |
| 245 ## - TITLE STATEMENT | |
| Title | Slope takers in anonymous markets |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | American Economic Journal: Microeconomics |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 15(4), Nov, 2023: p.306-318 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | We present a learning-based selection argument for Linear Bayesian Nash equilibrium in a Walrasian auction. Endowments vary stochastically; traders model residual supply as linear, estimate its slope from past trade data, and periodically update these estimates. In the standard setting with quadratic preferences, we show that this learning process converges to the unique LBN. Anonymity and statistical learning therefore support this commonly used equilibrium selection rule.- Reproduced https://www.aeaweb.org/articles?id=10.1257/mic.20220078 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | American Economic Journal: Microeconomics |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | ECONOMICS |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-02-14 | 15(4), Nov, 2023: p.306-318 | AR131039 | 2024-02-14 | Articles |