๐”– Bobbio Scriptorium
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On cheating in sealed-bid auctions

โœ Scribed by Ryan Porter; Yoav Shoham


Book ID
113570330
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
191 KB
Volume
39
Category
Article
ISSN
0167-9236

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


Equilibrium in Sealed High Bid Auctions
โœ Maskin, Eric; Riley, John ๐Ÿ“‚ Article ๐Ÿ“… 2000 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 115 KB
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