Browsing FGV EPGE - Ensaios Econômicos by Title "First-Price auction symmetric equlibria with a general distribution"

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First-Price auction symmetric equlibria with a general distribution

Monteiro, P. K.
2004-09-01

In this paper I obtain the mixed strategy symmetric equilibria of the first-price auction for any distribution. The equilibrium is unique. The solution turns out to be a combination of absolutely continuous distributions ...