Qualitative analysis of Bayes-Nash equilibrium in weak asymmetric auctions
We propose a simple qualitative methodology for improving the understanding of the nature of equilibrium strategies in asymmetric first-price sealed-bid auctions when departures from symmetry are weak. We exemplify this methodology through the exposition of three examples already studied in literature (Maskin and Riley, 2000a; Fibich and Gavious, 2003; Bajari, 2001).
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- Michael Landsberger & Jacob Rubinstein & Elmar Wolfstetter & Shmuel Zamir, 1999.
"First-Price Auctions when the Ranking of Valuations is Common Knowledge,"
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- M. Landsberger & J. Rubinstein & E. Wolfstetter & S. Zamir, 1996. "First-Price Auctions when the Ranking of Valuations is Common Knowledge," SFB 373 Discussion Papers 1996,36, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
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- Bernard Lebrun, 2004.
"Uniqueness of the Equilibrium in First-Price Auctions,"
2004_2, York University, Department of Economics.
- Lebrun, Bernard, 2006. "Uniqueness of the equilibrium in first-price auctions," Games and Economic Behavior, Elsevier, vol. 55(1), pages 131-151, April.
- Bernard Lebrun, 2004. "Uniqueness of the Equilibrium in First-Price Auctions," Discussion Papers 1, York University, Department of Economics, revised May 2004.
- Eric Maskin & John Riley, 2003.
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Economics Working Papers
0031, Institute for Advanced Study, School of Social Science.
- Maskin, Eric & Riley, John, 2003. "Uniqueness of equilibrium in sealed high-bid auctions," Games and Economic Behavior, Elsevier, vol. 45(2), pages 395-409, November.
- Eric Maskin & John Riley, 2000. "Asymmetric Auctions," Review of Economic Studies, Oxford University Press, vol. 67(3), pages 413-438.
- Patrick Bajari, 2001. "Comparing competition and collusion: a numerical approach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 18(1), pages 187-205.
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