{"title":"Revisiting the convergence theorem for competitive bidding in common value auctions","authors":"S. Lee, Jeong‐Yoo Kim","doi":"10.1007/s40505-022-00234-2","DOIUrl":"https://doi.org/10.1007/s40505-022-00234-2","url":null,"abstract":"","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"10 1","pages":"293 - 302"},"PeriodicalIF":0.3,"publicationDate":"2022-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47645993","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Is it reasonable to legalize tea money?","authors":"Hideki Sato","doi":"10.1007/s40505-022-00231-5","DOIUrl":"https://doi.org/10.1007/s40505-022-00231-5","url":null,"abstract":"","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"10 1","pages":"267 - 272"},"PeriodicalIF":0.3,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52812698","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"More ambiguity aversion or more risk aversion?","authors":"Jiankang Zhang","doi":"10.1007/s40505-022-00227-1","DOIUrl":"https://doi.org/10.1007/s40505-022-00227-1","url":null,"abstract":"","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"10 1","pages":"217 - 232"},"PeriodicalIF":0.3,"publicationDate":"2022-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47395542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The minimal Hilbert basis of the Hammond order cone","authors":"R. Abul Naga","doi":"10.1007/s40505-022-00226-2","DOIUrl":"https://doi.org/10.1007/s40505-022-00226-2","url":null,"abstract":"","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"10 1","pages":"191 - 215"},"PeriodicalIF":0.3,"publicationDate":"2022-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45803283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The dual of Bertrand with homogenous products is Cournot with perfect complements","authors":"P. Bertoletti","doi":"10.1007/s40505-022-00225-3","DOIUrl":"https://doi.org/10.1007/s40505-022-00225-3","url":null,"abstract":"","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"10 1","pages":"183 - 189"},"PeriodicalIF":0.3,"publicationDate":"2022-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45143569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Optimal licensing contracts with a downstream oligopoly: insider versus outsider innovation","authors":"Tsung-Sheng Tsai, Cheng-Tai Wu","doi":"10.1007/s40505-022-00224-4","DOIUrl":"https://doi.org/10.1007/s40505-022-00224-4","url":null,"abstract":"<p>In the literature that deals with cost-reduction technology licensing in an oligopolistic downstream market, the paper by Sen and Tauman (Games Econ Behav 59:163–186, 2007) has been a milestone in that it thoroughly characterizes the optimal licensing contracts for both cases of insider and outsider innovation under complete information. However, when determining the licensee’s fee payment to obtain the license through an auction, their treatments for different numbers of licensees are inconsistent. We instead use a consistent approach that can be applied to all numbers of licensees, in which a firm’s reservation payoff is determined by its Cournot profit if it rejects the contract. We find that the optimal contract is for both the insider and outsider innovator to sell the license to all downstream firms. We also show that an insider innovator sets a (weakly) higher royalty rate and generates a (weakly) lower social welfare than an outsider innovator.</p>","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"65 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2022-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138542115","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Auctions with resale and risk aversion","authors":"Sanyyam Khurana","doi":"10.1007/s40505-022-00221-7","DOIUrl":"https://doi.org/10.1007/s40505-022-00221-7","url":null,"abstract":"","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"10 1","pages":"117 - 128"},"PeriodicalIF":0.3,"publicationDate":"2022-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46716468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Existence of alpha-core allocations in economies with non-ordered and discontinuous preferences","authors":"V. Scalzo","doi":"10.1007/s40505-022-00223-5","DOIUrl":"https://doi.org/10.1007/s40505-022-00223-5","url":null,"abstract":"","PeriodicalId":40852,"journal":{"name":"Economic Theory Bulletin","volume":"10 1","pages":"1 - 12"},"PeriodicalIF":0.3,"publicationDate":"2022-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47519127","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}