𝔖 Bobbio Scriptorium
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Nonlinear Behavior in Sealed Bid First Price Auctions

✍ Scribed by Kay-Yut Chen; Charles R Plott


Book ID
115611075
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
424 KB
Volume
25
Category
Article
ISSN
0899-8256

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πŸ“œ SIMILAR VOLUMES


On the equivalence between descending bi
✍ Edi Karni πŸ“‚ Article πŸ“… 1988 πŸ› Springer US 🌐 English βš– 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