Repeated Auctions with the Right of First Refusal and Asymmetric Information
AbstractThis paper characterizes a set of Nash equilibria in a first-price sealed-bid auction with the right of first refusal using two bidders and asymmetric information regarding the bidders’ value distributions. The equilibria for multiple bidders and a more general value distribution are also presented
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Bibliographic InfoPaper provided by School of Economic Sciences, Washington State University in its series Working Papers with number 2006-6.
Length: 19 pages
Date of creation: Jun 2006
Date of revision:
repeated auction; right of first refusal; asymmetric information;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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"Repeated Auctions with the Right of First Refusal,"
2006-7, School of Economic Sciences, Washington State University.
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