Che, Yeon-Koo (contributor); Hendershott, Terry (contributor) - 2007
(·),yγ(·)) be an equilibrium of the
γ-auction game. Since team 1 has an option of simply bidding x0 in a γ-auction, ∀ (s1,s2),
φγ(s1 … necessarily an equilibrium strategy in the auction game, the second follows from the fact
that a(·) is increasing and b(·) is …