All Mixed Strategy Equilibria are Monotone Pure Strategy Equilibria in Asymmetric First-Price Auctions
14 Pages Posted: 7 Aug 2002
Date Written: August 2002
Every mixed strategy equilibrium is outcome equivalent to a monotone pure strategy equilibrium in asymmetric first-price auctions in which n bidders have affiliated, one-dimensional, atomless types and interdependent values.
Keywords: Asymmetric First-price Auctions, Asymmetric Bidders, Mixed Strategy Equilibrium
Suggested Citation: Suggested Citation
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By Ohad Kadan