Numerical simulations of asymmetric first-price auctions
نویسندگان
چکیده
Article history: Received 1 November 2009 Available online 3 March 2011 JEL classification: D44 C63 C72 D82
منابع مشابه
Asymmetric First-Price Auctions - A Dynamical-Systems Approach
We introduce a new approach for analysis and numerical simulations of asymmetric first-price auctions, which is based on dynamical systems. We apply this approach to asymmetric auctions in which players’ valuations are power-law distributed. We utilize a dynamical-systems formulation to provide a proof of the existence and uniqueness of the equilibrium strategies in the cases of two coalitions ...
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ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 73 شماره
صفحات -
تاریخ انتشار 2011