Uniqueness of the Equilibrium in First-Price Auctions
AbstractIf the value cumulative distribution functions are log-concave at the highest lower extremity of their supports of the first-price auction in the asymmetric indepent private values model.
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Bibliographic InfoPaper provided by York University, Department of Economics in its series Discussion Papers with number 1.
Length: 48 pages
Date of creation: May 2004
Date of revision: May 2004
Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-22 (All new papers)
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