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First-price auction symmetric equilibria with a general distribution

Listed author(s):
  • Monteiro, Paulo Klinger

In this paper I obtain the mixed strategy symmetric equilibria of the independent private values, first-price auction for any distribution of valuations. The equilibrium strategy is a pure strategy at the continuity points of the distribution and bids a mixed strategy at the discontinuity points of the distribution.

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Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 65 (2009)
Issue (Month): 1 (January)
Pages: 256-269

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Handle: RePEc:eee:gamebe:v:65:y:2009:i:1:p:256-269
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

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