Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072485 | Games and Economic Behavior | 2009 | 14 Pages |
Abstract
In this paper I obtain the mixed strategy symmetric equilibria of the independent private values, first-price auction for any distribution of valuations. The equilibrium strategy is a pure strategy at the continuity points of the distribution and bids a mixed strategy at the discontinuity points of the distribution.
Related Topics
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Economics and Econometrics
Authors
Paulo Klinger Monteiro,