Constantine Sorokin Spoke on 'Comparative Statics in Common Value Auctions and Beyond'

A research seminar of the International Laboratory of Decision Choice and Analysis took place at HSE. Constantine Sorokin delivered a report on 'Comparative Statics in Common Value Auctions and Beyond'.

Abstract:
The research obtains comparative statics of auction outcome with respect to the distribution of bidder’s types. The variation of distribution is modelled by different notions of stochastic orders, both univariate (independent types) and multivariate (interdependent types). The main results hold for generalised auction model, which also includes such cases as war of attrition, escalation of conflict and all-pay auction.