| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060637 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠A random number of bidders participate in a first-price or all-pay multiple item auction. ⺠They all seek a single item, valued at 1, and have the same budget. ⺠We analyze and compare the (mixed) symmetric equilibrium bidding strategy. ⺠We present explicit solutions when the number of bidders is described by standard probability distributions.
Keywords
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Authors
Moshe Haviv, Igal Milchtaich,