Endogenous Worst-Case Beliefs in First-Price Auctions
نویسندگان
چکیده
منابع مشابه
Repeated First-Price Auctions
We study a model of two-round, rst-price, sealed bid auctions with two bidders and two identical items. We assume that both bidders want to purchase both items and the bidders valuation for the object remains the same in both rounds. After the conclusion of the rst round, the winner and the winning bid are publicly announced. The bidders use this information to update their beliefs about the...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3309088