| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072271 | Games and Economic Behavior | 2013 | 15 Pages |
Abstract
⺠A 2-bidder first-price auction is studied, prior to which one player can bribe his opponent to drop out. ⺠I derive sufficient conditions for the existence and nonexistence of continuous monotonic equilibrium. When it exists, it is trivial. ⺠Variations of the model for which non-trivial equilibria exist are also studied.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Shiran Rachmilevitch,