๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

SEALED-BID VERSUS OPEN AUCTIONS: THE EVIDENCE

โœ Scribed by ROBERT G. HANSEN

Book ID
115202558
Publisher
Oxford University Press
Year
1986
Tongue
English
Weight
790 KB
Volume
24
Category
Article
ISSN
0095-2583

No coin nor oath required. For personal study only.

๐Ÿ“œ SIMILAR VOLUMES

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