𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The public release of information in first-price sealed-bid auctions

✍ Scribed by François Maréchal, Pierre-Henri Morand


Book ID
118791191
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
139 KB
Volume
16
Category
Article
ISSN
1434-4750

No coin nor oath required. For personal study only.


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On the equivalence between descending bi
✍ 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