Documentos de trabajo
First-price auction symmetric equilibria with a general distribution
Fecha
2006-05-01Registro en:
0104-8910
Autor
Monteiro, P. K.
Institución
Resumen
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 case and the discrete distributions case.