Almost common value auctions and discontinuous equilibria

DOI10.1007/s10479-013-1377-5zbMath1320.91064OpenAlexW3126016647MaRDI QIDQ2348769

Gisèle Umbhauer

Publication date: 15 June 2015

Published in: Annals of Operations Research (Search for Journal in Brave)

Full work available at URL: https://hal.univ-lorraine.fr/hal-01735849/file/islandora_96871.pdf

zbMATH Keywords

Nash equilibriumcommon value auctionsperfect equilibriumlevel-\(k\) reasoningsecond-price sealed-bid auctions

Mathematics Subject Classification ID

Noncooperative games (91A10) 2-person games (91A05) Auctions, bargaining, bidding and selling, and other market models (91B26) Signaling and communication in game theory (91A28)

Cites Work

• Reputation in repeated second-price auctions
• Reexamination of the perfectness concept for equilibrium points in extensive games
• Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?

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