Simultaneous auctions with synergies and common values

被引:43
作者
Rosenthal, RW [1 ]
Wang, RQ [1 ]
机构
[1] QUEENS UNIV,DEPT ECON,KINGSTON,ON K7L 3N6,CANADA
基金
美国国家科学基金会;
关键词
D O I
10.1006/game.1996.0093
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we study a simultaneous-auction model with synergies, common values, and overlapping interests. We construct strategies in which bidders of different types randomize over different bid intervals and provide necessary and sufficient conditions for such strategies to form symmetric equilibria. Questions about seller's revenue and efficiency are addressed. (C) 1996 Academic Press, Inc.
引用
收藏
页码:32 / 55
页数:24
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