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Individual bidder behavior in first-price private value auctions

✍ Scribed by John H. Kagel; Dan Levin


Book ID
118389296
Publisher
Elsevier Science
Year
1985
Tongue
English
Weight
303 KB
Volume
19
Category
Article
ISSN
0165-1765

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Asymmetry in first-price auctions with a
✍ Sandra Campo; Isabelle Perrigne; Quang Vuong πŸ“‚ Article πŸ“… 2003 πŸ› John Wiley and Sons 🌐 English βš– 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