| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5073075 | Games and Economic Behavior | 2006 | 21 Pages |
Abstract
If the value cumulative distribution functions are strictly log-concave at the highest lower extremity of their supports, a simple geometric argument establishes the uniqueness of the equilibrium of the first-price auction in the asymmetric independent private values model.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Bernard Lebrun,