Abstract
We examine and compare the (normally, mixed) symmetric equilibrium bidding strategies in first-price and all-pay common value multiple item auctions with a random number of bidders, who only seek one of the identical items and have the same budget.
Original language | English |
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Pages (from-to) | 143-146 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 114 |
Issue number | 2 |
DOIs | |
State | Published - Feb 2012 |
Keywords
- Auctions
- Identical bidders
- Random-player games
- Stochastic number of bidders
- Symmetric equilibrium