๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Auctions and Bidding on the Internet: an Assessment

โœ Scribed by Turban, Efraim


Book ID
120289575
Publisher
Springer-Verlag
Year
1997
Tongue
English
Weight
497 KB
Volume
7
Category
Article
ISSN
1019-6781

No coin nor oath required. For personal study only.


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On the equivalence between descending bi
โœ Edi Karni ๐Ÿ“‚ Article ๐Ÿ“… 1988 ๐Ÿ› Springer US ๐ŸŒ English โš– 308 KB

Bidding the same price in descending bid auctions and in first price sealed bid auctions is equivalent to expected utility maximizing behavior, and this is equivalent to dynamically consistent bidding. The claim that, in strategic form, descending bid and first price sealed bid auctions are the same