Hong, Han (contributor); Shum, Matthew (contributor) - 2001 - [Elektronische Ressource]
collections of bid functions 0i (Xi);::: ; N 2i (Xi)
for bidders i = 1;::: ;N are common knowledge.
Up to the beginning of round … functions are common knowledge, an active
bidder i can use this information to infer the private signals XN k+1;::: ;XN observed … all common knowledge among the bidders.
3.1 Deriving the equilibrium bid functions
We show in this section that the log …