| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072137 | Games and Economic Behavior | 2011 | 17 Pages |
Abstract
⺠Show backward-shooting method is inherently unstable, especially for large auctions. ⺠Present new method for computing equilibrium bids of asymmetric first-price auctions. ⺠Study numerically auctions with large number of players. ⺠Consider various distributions, including distributions with more than one crossing. ⺠Find the rate at which first- and second-price auctions become revenue equivalent.
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Authors
Gadi Fibich, Nir Gavish,