✦ LIBER ✦

Auctions with a buy price

✍ Scribed by Stanley S. Reynolds; John Wooders

Book ID: 105866668
Publisher: Springer
Year: 2006
Tongue: English
Weight: 267 KB
Volume: 38
Category: Article
ISSN: 0938-2259
DOI: 10.1007/s00199-006-0182-7

No coin nor oath required. For personal study only.

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This paper considers second-price, sealed-bid auctions with a buy price where bidders' types are discretely distributed. We characterize all equilibria in which bidders whose types are less than the buy price bid their own valuations. Budish and Takeyama ( 2001) analyze the two-bidder, two-type fram

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