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The set of equilibria of first-price auctions |
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| Authors: | Paulo Klinger Monteiro |
| Affiliation: | FGV-EPGE, Praia de Botafogo 190, Sala 1103, 22250-900, RJ, Brazil |
| Abstract: | I specify the class of functions that are equilibria of symmetric first-price auctions. A formula to recover the distribution of valuations for any equilibrium bidding strategy is given. |
| Keywords: | D44 |
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