Dynamic Posted Pricing Scheme: Existence and Uniqueness of Equilibrium Bidding Strategy
نویسندگان
چکیده
We scrutinize the uniqueness issue of the equilibrium behavior of strategic customers making inter-temporal purchase decisions. We present that multiple equilibria can exist even in the simple setting where two identical customers compete for one unit of item. We prove the existence of a unique equilibrium when their valuations follow uniform distribution.
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