𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The effect of corruption on bidding behavior in first-price auctions

✍ Scribed by Leandro Arozamena; Federico Weinschelbaum


Book ID
116455538
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
223 KB
Volume
53
Category
Article
ISSN
0014-2921

No coin nor oath required. For personal study only.


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On the equivalence between descending bi
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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