Which equilibrium yields the highest expected revenue in second-price sealed-bid auctions?
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DOI: 10.1016/j.econlet.2018.03.016
Abstract: Abstract This paper considers second-price sealed-bid auctions among three or more bidders. We take into account all equilibria, and examine the maximum of the equilibrium revenues, using the result of Blume and Heidhues (2004). We… read more here.
Keywords: highest expected; sealed bid; price sealed; second price ... See more keywords