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Springer Science and Business Media LLC

ESCI-ISI

  2196-1085

  2196-1093

 

 

Cơ quản chủ quản:  Springer Heidelberg

Lĩnh vực:
Economics

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Các bài báo tiêu biểu

Multiple equilibria in asymmetric first-price auctions
Tập 3 - Trang 65-77 - 2014
Todd R. Kaplan, Shmuel Zamir
Maskin and Riley (Games Econ Behav 45:395–409, 2003) and Lebrun (Games Econ Behav 55:131–151, 2006) prove that the Bayes–Nash equilibrium of first-price auctions is unique. This uniqueness requires the assumption that a buyer never bids above his value (which amounts to the elimination of weakly dominated strategies). We demonstrate that, in asymmetric first-price auctions (with or without a minim...... hiện toàn bộ
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