𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Sealed bid auctions with ambiguity: Theory and experiments

✍ Scribed by Yan Chen; Peter Katuščák; Emre Ozdenoren

Book ID
113707856
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
452 KB
Volume
136
Category
Article
ISSN
0022-0531

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

On the equivalence between descending bi
On the equivalence between descending bid auctions and first price sealed bid auctions
✍ Edi Karni 📂 Article 📅 1988 🏛 Springer US 🌐 English ⚖ 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