Uniqueness of the equilibrium in first-price auctions
成果类型：
Article
署名作者：
Lebrun, B
署名单位：
York University - Canada
刊物名称：
GAMES AND ECONOMIC BEHAVIOR
ISSN/ISSBN：
0899-8256
DOI：
10.1016/j.geb.2005.01.006
发表日期：
2006
页码：
131-151
关键词：
摘要：
If the value cumulative distribution functions are strictly log-concave at the highest lower extremity of their supports, a simple geometric argument establishes the uniqueness of the equilibrium of the first-price auction in the asymmetric independent private values model. (c) 2005 Elsevier Inc. All rights reserved.