DukeSpace

Uniqueness in symmetric first-price auctions with affiliation

DukeSpace

Uniqueness in symmetric first-price auctions with affiliation

McAdams, Prof David
URI: http://hdl.handle.net/10161/1941
Date: 2007

Abstract:

The first-price auction has a unique monotone pure strategy equilibrium when there are n symmetric risk-averse bidders having affiliated types and interdependent values.

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