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Equivalence of Auctions and Posted Prices

โœ Scribed by Klaus Kultti


Book ID
115611112
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
93 KB
Volume
27
Category
Article
ISSN
0899-8256

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๐Ÿ“œ SIMILAR VOLUMES


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