Pure strategy equilibria of single and double auctions with interdependent values

We prove the existence of monotonic pure strategy equilibrium for many types of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only in the own bidder's type. The payments can be a function of all bids. Thus, we provide a new equilibrium existence result for asymmetrical double auctions and a small number of bidders. The generality of our setting requires the use of special tie-breaking rules. We present a reasonable counterexample for interdependent values auctions that shows that sometimes all equilibria are trivial, that is, they have zero probability of trade. Nevertheless, we give sufficient conditions for non-trivial equilibrium existence

PURE STRATEGY EQUILIBRIA OF SINGLE AND DOUBLE AUCTIONS WITH INTERDEPENDENT VALUES

We prove the existence of monotonic pure strategy equilibrium for many types of asymmetric auctions with n bidders and unitary demands, interdependent values and independent types. The assumptions require monotonicity only in the own bidder's type. The payments can be a function of all bids. Thus, we provide a new equilibrium existence result for asymmetrical double auctions and a small number of bidders. The generality of our setting requires the use of special tie-breaking rules. We present a reasonable counterexample for interdependent values auctions that shows that sometimes all equilibria are trivial, that is, they have zero probability of trade. Nevertheless, we give sufficient conditions for non-trivial equilibrium existence.

Non-monotoniticies and the all-pay auction tie-breaking rule

Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined tie-breaking rules and communication of private information. We show that an all-pay auction tie-breaking rule is sufficient for the existence of pure strategy equilibrium in a class of auctions. The rule is explicitly defined and does not require communication of private information. We also characterize when special tie-breaking rules are really needed

Pure Strategy Equilibria of Multidimensional and Non-Monotonic Auctions

We give necessary and sufficient conditions for the existence of symmetric equilibrium without ties in common values auctions, with multidimensional independent types and no monotonic assumptions. When the conditions are not satisfied, we are still able to prove the existence of pure strategy equilibrium with an exogenous and explicit tie breaking mechanism. As a basis for these results, we obtain a characterization lemma that is valid under a general setting, that includes non-independent types, asymmetrical utilities and any attitude towards risk. Such characterization gives a basis for an intuitive interpretation for the behavior of the bidder: to bid in order to equalize the marginal benefit and the marginal cost of biddingauctions, pure strategy equilibria, non-monotonic bidding functions, tie-breaking

A Possible Dynamical Effect of a Primordial Magnetic Field

The possible existence of a primordial magnetic field in the universe has been previously investigated in many articles. Studies involving the influence of a magnetic field in the nucleosyntesis era, studies considering the effects in the formation of structures during the radiation era and the matter era have been considered. We here assume the existence of a primordial magnetic field and study its effect, in particular, in the formation of voids. The study is twofold: to put constraints on the strength of the magnetic field during the recombination era and to preview its effects on the formation of voids.Comment: 21 pages, aasms4.sty AAS Latex V4.0 file, 3 EPS figures included. Also available at http://www.iagusp.usp.br/ To appear in the Ap

Low-field microwave absorption and magnetoresistance in iron nanostructures grown by electrodeposition on n-type lightly-doped silicon substrates

In this study we investigate magnetic properties, surface morphology and crystal structure in iron nanoclusters electrodeposited on lightly-doped (100) n-type silicon substrates. Our goal is to investigate the spin injection and detection in the Fe/Si lateral structures. The samples obtained under electric percolation were characterized by magnetoresistive and magnetic resonance measurements with cycling the sweeping applied field in order to understand the spin dynamics in the as-produced samples. The observed hysteresis in the magnetic resonance spectra, plus the presence of a broad peak in the non-saturated regime confirming the low field microwave absorption (LFMA), were correlated to the peaks and slopes found in the magnetoresistance curves. The results suggest long range spin injection and detection in low resistive silicon and the magnetic resonance technique is herein introduced as a promising tool for analysis of electric contactless magnetoresistive samples.Comment: 12 pages, 5 figure