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Procurement Bidding in First-Price and Second-Price, Sealed-Bid Auctions within the Common-Value Paradigm

✍ Scribed by Anders Lunander

Book ID
110332874
Publisher
Springer US
Year
2002
Tongue
English
Weight
143 KB
Volume
19
Category
Article
ISSN
1572-9974

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πŸ“œ SIMILAR VOLUMES

On the equivalence between descending bi
On the equivalence between descending bid auctions and first price sealed bid auctions
✍ 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

Posterior odds comparison of a symmetric
Posterior odds comparison of a symmetric low-price, sealed-bid auction within the common-value and the independent-private-values paradigms
✍ Samita Sareen πŸ“‚ Article πŸ“… 1999 πŸ› John Wiley and Sons 🌐 English βš– 255 KB

I attempt to decide, using the posterior odds ratio, whether the symmetric common-value paradigm or the symmetric independent-private-values paradigm is a more probable explanation of the low-price, sealed-bid auctions conducted by the Indian Oil Corporation to purchase crude-oil from the internatio