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Auctions with a random number of identical bidders
Authors:Moshe Haviv  Igal Milchtaich
Institution:
  • a Department of Statistics and Center for Rationality, The Hebrew University of Jerusalem, 91905 Jerusalem, Israel
  • b Department of Economics, Bar-Ilan University, Ramat Gan 52900, Israel
  • Abstract:We examine and compare the (normally, mixed) symmetric equilibrium bidding strategies in first-price and all-pay common value multiple item auctions with a random number of bidders, who only seek one of the identical items and have the same budget.
    Keywords:D4
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