๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

The discrete bid first auction

โœ Scribed by Michael Suk-Young Chwe


Book ID
116100625
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
258 KB
Volume
31
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


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