972 research outputs found

    The Saturnian Kilometric Radiation before the Cassini Grand Finale

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    The Saturnian Kilometric Radiation (SKR) is radiated from the auroral regions surrounding the kronian magnetic poles, above the ionosphere up to a few planetary radii. It directly compares to the auroral radio emissions emanating from other planetary magnetospheres such as the Earth and the giant planets. Our knowledge on SKR relied on remote observations of Voyager (flybys in 1980 and 1981) and Ulysses (distant observations in the 1990s) until Cassini started to orbit Saturn in 2004. Since then, it has been routinely observed from a large set of remote locations, but also in situ for the first time at a planet other than Earth. This article reviews the state of the art of SKR average remote properties, the first insights brought by in situ passes within its source region, together with some remaining questions before the Cassini Grand Finale and its close-in polar orbits.Comment: Refereed article; Proceedings of the 8th International Workshop on Planetary, Solar and Heliospheric Radio Emissions (PRE VIII), Seggauberg, Austria, Oct. 25-27, 201

    Mechanism design with partially-specified participation games

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    This paper considers the implementation of an economic outcome under complete information when the strategic and informational details of the participation game are partially-specified. This means that full participation is required to be a subgame-perfect equilibrium for a large variety of extensive modifications of the simultaneous-move participation game in the same vein as Kalai [Large Robust Games, Econometrica 72 (2004) 1631-1665].mechanism design ; robust implementation ; strong Nash equilibrium ; partial subgame perfection ; collusion on participation

    Identification and estimation of sequential English auctions

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    Brendstrup (2007) and Brendstrup and Paarsch (2006) claim that sequential English auction models with multi-unit demand can be identified from the distribution of the last stage winning price and without any assumption on bidding behavior in the earliest stages. We show that their identification strategy is not correct and that non-identification occurs even if equilibrium behavior is assumed in the earliest stages. For two-stage sequential auctions, an estimation procedure that has an equilibrium foundation and that uses the winning price at both stages is developed and supported by Monte Carlo experiments. Identification under general affiliated multi-unit demand schemes is also investigated.sequential auctions ; nonparametric identification ; nonparametric estimation

    The econometrics of auctions with asymmetric anonymous bidders

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    We consider standard auction models when bidders' identities are not observed by the econometrician. First, we adapt the definition of identifiability to a framework with anonymous bids and we explore the extent to which anonymity reduces the possibility to identify private value auction models. Second, in the asymmetric independent private value model which is nonparametrically identified, we generalize Guerre, Perrigne and Vuong's estimation procedure [Optimal Nonparametric Estimation of First-Price Auctions, Econometrica 68 (2000) 525-574] and study the asymptotic properties of our multi-step kernel-based estimator. Third a test for symmetry is proposed. Monte Carlo simulations illustrate the practical relevance of our estimation and testing procedures for small data sets.auctions ; nonparametric identification ; nonparametric estimation ; tests for symmetry ; unobserved heterogeneity ; anonymous bids ; uniform convergence rate

    "Upping the ante": How to design efficient auctions with entry?

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    In the symmetric independent private value model, we revisit auctions with entry by adding two additional ingredients: difficulties to commit to the announced mechanism, in particular not to update the reserve price after bidders took their entry decisions, and seller's ex ante uncertainty on her reservation value which calls for flexibility. Shill bidding or ex post rights to cancel the sale may provide some valuable flexibility in second price auctions. However, both fail to be efficient since the seller may keep the good while it would be efficient to allocate it to the highest bidder. The English auction with jump bids and cancelation rights is shown to implement the first best in large environments. On the positive side, special emphasis is put on the equilibrium analysis of auctions with shill bidding and on a variety of associated new insights including counterintuitive comparative statics and a comparison with posted-prices.auctions ; auctions with entry ; shill bidding ; commitment failure ; hold-up ; posted-price ; cancelation rights ; jump bids ; bilateral asymmetric information

    Ascending auctions: some impossibility results and their resolutions with final price discounts

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    When bidders are not substitutes, we show that there is no standard ascend-ing auction that implements a bidder-optimal competitive equilibrium under truthful bidding. Such an impossibility holds also in environments where the Vickrey payoff vector is a competitive equilibrium payoff and is thus stronger than de Vries, Schummer and Vohra s [On ascending Vickrey auctions for het-erogeneous objects, J. Econ. Theory, 132, 95-118] impossibility result with regards to the Vickrey payoff vector under general valuations. Similarly to Mishra and Parkes [Ascending price Vickrey auctions for general valuations, J. Econ. Theory, 132, 335-366], the impossibility can be circumvented by giving price discounts to the bidders from the final vector of prices. Nevertheless, the similarity is misleading: the solution we propose satisfies a minimality infor-mation revelation property that fails to be satisfied in any ascending auction that implements the Vickrey payoffs for general valuations. We investigate related issues when strictly positive increments have to be used under general continuous valuations.ascending auctions ; combinatorial auctions ; bidder-optimal competitive equilibrium ; non-linear pricing ; Vickrey payoffs ; increments

    Ascending auctions: some impossibility results and their resolutions with final price discounts

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    When bidders are not substitutes, we show that there is no standard ascend-ing auction that implements a bidder-optimal competitive equilibrium under truthful bidding. Such an impossibility holds also in environments where the Vickrey payoff vector is a competitive equilibrium payoff and is thus stronger than de Vries, Schummer and Vohra s [On ascending Vickrey auctions for het-erogeneous objects, J. Econ. Theory, 132, 95-118] impossibility result with regards to the Vickrey payoff vector under general valuations. Similarly to Mishra and Parkes [Ascending price Vickrey auctions for general valuations, J. Econ. Theory, 132, 335-366], the impossibility can be circumvented by giving price discounts to the bidders from the final vector of prices. Nevertheless, the similarity is misleading: the solution we propose satisfies a minimality infor-mation revelation property that fails to be satisfied in any ascending auction that implements the Vickrey payoffs for general valuations. We investigate related issues when strictly positive increments have to be used under general continuous valuations.Lorsque les enchérisseurs ne sont pas substituts, nous montrons qu'il n'existe pas de mécanisme d'enchères ascendantes qui implémente un équilibre concurrentiel qui soit optimal pour les enchérisseurs. Un tel résultat d'impossibilité reste vrai dans les environnements où les payements de Vickrey sont concurrentiels et est donc plus fort que le résultat d'impossibilité de De Vries, Schummer et Vohra [On ascending Vickrey auctions for heterogeneous objects, J. Econ. Theory, 132, 95-118] relatif à l'implémentation des payements de Vickrey sans restrictions sur les valuations. De la même manière que dans Mishra et Parkes [Ascending price Vickrey auctions for general valuations, J. Econ. Theory, 132, 335-366], l'impossibilité est levée si l'on autorise une phase de réduction des prix à la fin de l'enchère. La similarité est trompeuse : la solution que l'on propose satisfait une propriété de "minimalité" relativement à la révélation des préférences des enchérisseurs, une propriété qui ne peut être satisfaite dans aucune des enchères qui implémente les payements de Vickrey. Nous analysons aussi la robustesse de tels mécanismes à la présence d'incréments

    "Upping the ante": How to design efficient auctions with entry?

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    In the symmetric independent private value model, we revisit auctions with entry by adding two additional ingredients: difficulties to commit to the announced mechanism, in particular not to update the reserve price after bidders took their entry decisions, and seller's ex ante uncertainty on her reservation value which calls for flexibility. Shill bidding or ex post rights to cancel the sale may provide some valuable flexibility in second price auctions. However, both fail to be efficient since the seller may keep the good while it would be efficient to allocate it to the highest bidder. The English auction with jump bids and cancelation rights is shown to implement the first best in large environments. On the positive side, special emphasis is put on the equilibrium analysis of auctions with shill bidding and on a variety of associated new insights including counterintuitive comparative statics and a comparison with posted-prices.Dans le modèle symétrique à valeurs privées, nous revisitons les enchères avec entrée en ajoutant deux nouveaux ingrédients : les difficultés de s'engager sur le mécanisme annoncé, en particulier de s'engager sur le prix de réserve annoncé ex ante avant que les entrants potentiels n'aient pris leurs décisions et l'incertitude du vendeur sur sa valuation de réserve. Les enchères fantômes ou les droits d'annuler l'enchère peuvent apporter de la flexibilité. Cependant, ces comportements, souvent tolérés dans le monde des enchères, présentent des inconvénients et y sont associés de nouveaux insights contre-intuitifs par rapport à la théorie standard

    De la traduction comme « faible force messianique » : Projections libérantes à partir des thèses de Franz Rosenzweig

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    Poursuivant l’examen des thèses de Rosenzweig sur la traduction déjà amorcé dans une précédente étude, cet article en mesure les enjeux et la portée, à l’aune notamment de la dimension eschatologique qui s’y projette et forme en quelque sorte la condition implicite de son exercice. S’y révèle entre autres le fait que le paradigme d’une langue Une – Es gibt nur Eine Sprache – courant en filigrane de la pluralité des idiomes, loin de se laisser cantonner dans la quête fantasmatique d’une prétendue langue adamique ou de quelque autre parangon de ce genre, se « traduit » plutôt dans une eschatologie discrète dont le dessein s’affine et se ramifie en chacune des langues, orientant secrètement leurs affinités électives en direction d’un partage que Rosenzweig associe à l’avènement de la paix messianique. Ce scénario doit cependant être conçu dans l’horizon de la finitude qui appartient originairement à la détermination d’essence de l’être humain, bref au fondement ontologique de son existence, laquelle en retour se révèle tributaire de la dimension historiale qui enchâsse le champ entier de son expérience. La figure complexe que dessine ce champ de déterminations sollicite donc de la part du traducteur, même commande chez lui, une responsabilité toujours plus accrue à l’égard de l’autre homme, de l’étranger. Il s’agit en quelque sorte d’activer, en l’occurrence dans le frayage avalisé par l’exercice de la traduction, ce que Walter Benjamin désignait pour sa part comme une « faible force messianique ».Proceeding with the examination of Franz Rosenzweig’s assumptions on the theory and practice of translation already initiated in a former paper, this article intends to scrutinize the import of the eschatological dimension guiding the elaboration of this subject matter at every stage of its development. The paradigmatic tenet of this speculative endeavor, that there exists One and only language–Es gibt nur Eine Sprache–running through the manifold human idioms, far from vindicating the fanciful quest for a pristine, idyllic language, advocates that every one of all the languages used by human communities endorses in its proper fashion the longing for messianic peace. For that reason, this eschatological scenario should be read against the background of human finiteness, acknowledging the historical horizon towards which the whole range of human experience is projected and found liable by an ontological bond. The burden of responsibility towards the other man, the foreigner, becomes then an implicit condition of the practice of translation and its ethical commitment, ascribing to its inner dynamics what Walter Benjamin called a « weak Messianic force »
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