Rachmilevitch, Shiran - In: Games and Economic Behavior 77 (2013) 1, pp. 214-228
I study a symmetric 2-bidder IPV first-price auction prior to which one bidder can offer his rival a bribe in exchange for the latterʼs abstention. I focus on pure and undominated strategies, and on continuous monotonic equilibria—equilibria in which the bribing function is continuous and...