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Asymmetric common-value auctions with applications to private-value auctions with resale

โœ Scribed by Harrison H. Cheng; Guofu Tan


Book ID
105866977
Publisher
Springer
Year
2009
Tongue
English
Weight
462 KB
Volume
45
Category
Article
ISSN
0938-2259

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Asymmetry in first-price auctions with a
โœ Sandra Campo; Isabelle Perrigne; Quang Vuong ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 416 KB

## Abstract Collusion and heterogeneity across firms may introduce asymmetry in bidding games. A major difficulty in asymmetric auctions is that the Bayesian Nash equilibrium strategies are solutions of an intractable system of differential equations. We propose a simple method for estimating asymm