Mares, Vlad; Swinkels, Jeroen M. - In: Journal of Economic Theory 152 (2014) C, pp. 1-40
We provide new tools for studying asymmetric first price auctions, connecting their equilibria to the ρ-concavity of … the underlying type distributions, and showing how one can use surplus expressions for symmetric auctions to bound … equilibrium behavior in asymmetric auctions. We apply these tools to studying procurement auctions in which, as is common in …