2019 Fiscal Year Research-status Report
Theory and Experiment of Efficient Multi-item Auctions with Financial Constraints
| Project/Area Number |
19K13653
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| Research Institution | Kyoto University |
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Principal Investigator |
ZHOU YU 京都大学, 経済学研究科, 特定講師 (40807450)
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| Project Period (FY) |
2019-04-01 – 2022-03-31
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| Keywords | Financial constraints / Competitive equilibrium / Stable outcome / Core outcome |
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| Outline of Annual Research Achievements |
I published two papers. The first paper is entitled “Competitive Equilibria in Matching Models with Financial Constraints.” This paper is a joint work with P. Jean-Jacque Herings, which was published as a GSBE Research Memorandum 19/007, Maastricht University. The second paper is entitled “An assignment model with local constraints: Competitive equilibrium and ascending auction.” This paper is a joint work with Lijun Pan and Linyu Peng, which was published in Economics Letters. In this year, I presented my research in domestic workshop and international conferences.: Economic Theory Workshop at Hitotsubashi University, 2019; The international conference Economic Design and Algorithms, Higher School of Economics, St. Petersburg, Russia, 2019; 2019 APIOC.
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| Current Status of Research Progress |
Current Status of Research Progress
1: Research has progressed more than it was originally planned.
Reason
In the first year, according to my research proposal, I was scheduled to complete one paper related to the efficient auction design with unit demand financially constrained bidders. Indeed, I completed two papers. The first paper is entitled “ Competitive Equilibria in Matching Models with Financial Constraints,” which was published as a GSBE Research Memorandum 19/007, Maastricht University. Results obtained in this paper are even more attractive than those planned in the research proposal. In addition, I also published one paper in Economics Letters. This paper deals with a special case of the financial constraints. Also, by attending a number of seminars and workshops, I successfully broadcasted my outputs of this projects to the international academia.
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| Strategy for Future Research Activity |
In the second year, I was scheduled to consider the efficient multi-item auction theory with multi-unit-demand financially constrained bidder and also make preparation for my experiment.
I am now on the process to finish a paper with efficient multi-item auction design with bidders facing soft financial constraints. My priority is to complete this paper in the first half of year. Then I will concentrate on writing another paper, which addresses the issue given by my research proposal.For experiment, due to the outbreak of coronavirus, it is tentatively forbidden to use any labs in any university. At this moment, I could only construct some toy models and make necessary programming. Whenever the pandemic is under the control, I will try to implement the experiments.
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Research Products
(4 results)
