Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9549210 | Economics Letters | 2005 | 7 Pages |
Abstract
We study a first price auction with two asymmetric bidders. A unique generically asymmetric equilibrium exists under some conditions. Aggressive bidding is not necessarily associated with inferiority of information. Reduction in asymmetry can have an ambiguous effect on revenue.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Priyodorshi Banerjee,