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The set of equilibria of first-price auctions

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Author Info
Paulo Klinger Monteiro (EPGE-FGV)

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Abstract

In this note I show that pratically any increasing function is the equilibrium bidding function of a symmetric first-price auction. It is like a Sonnenschein-Mantel-Debreu for auctions

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File URL: http://129.3.20.41/eps/mic/papers/0403/0403001.pdf
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Publisher Info
Paper provided by EconWPA in its series Microeconomics with number 0403001.

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Length: 6 pages
Date of creation: 05 Mar 2004
Date of revision:
Handle: RePEc:wpa:wuwpmi:0403001

Note: Type of Document - Pdf file; prepared on Windows 2000; to print on hp; pages: 6; figures: none
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Web page: http://129.3.20.41

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Related research
Keywords: first-price;

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Find related papers by JEL classification:
D1 - Microeconomics - - Household Behavior
D2 - Microeconomics - - Production and Organizations
D3 - Microeconomics - - Distribution
D4 - Microeconomics - - Market Structure and Pricing

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Souza, Leonardo Rocha, 2003. "A note on Chambers's "long memory and aggregation in macroeconomic time series"," Economics Working Papers (Ensaios Economicos da EPGE) 503, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
    Other versions:
  2. Monteiro, Paulo Klinger & Araújo, Aloísio Pessoa de & Martins-da-Rocha, V. F., 2003. "Equilibria in security markets with a continuum of agents," Economics Working Papers (Ensaios Economicos da EPGE) 513, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  3. Souza, Leonardo Rocha & Smith, Jeremy & Souza, Reinaldo Castro de, 2003. "Convex Combinations of Long Memory Estimates from Different Sampling Rates," Economics Working Papers (Ensaios Economicos da EPGE) 489, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
    Other versions:
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This page was last updated on 2009-12-21.


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