LOVO, Stefano; ALBANO, Gian Luigi; GERMANO, Fabrizio - HEC Paris (École des Hautes Études Commerciales) - 2002
We consider two ascending auctions for multiple objects: the SEAMO (simultaneous English auction for multiple objects) and the the JAMO (Japanese auction for multiple objects). We first derive a (competitive) Perfect Bayesian Equilibrium of the JAMO by exploiting the strategic equivalence...
