학술저널
Asymmetric Information about Rivals’ Types
- 한국계량경제학회
- JOURNAL OF ECONOMIC THEORY AND ECONOMETRICS
- Vol.27 No.1
-
2016.031 - 15 (15 pages)
- 6
This paper establishes the equilibrium existence in the first-price auction in the setup where bidders are partitioned into “knowledge groups” so that each bidder observes the types of rival bidders in the same group but not the others’ types.
1. INTRODUCTION
2. MODEL
3. EXISTENCE OF EQUILIBRIUM FOR FIRST-PRICE AUCTION
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