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Asymptotic and small sample analysis of the stochastic properties and certainty equivalents of winning bids in independent private values auctions

Deltas, George - In: Economic Theory 23 (2004) 4, pp. 715-738

This paper investigates the stochastic properties of the first price and second price winning bids in auctions with risk neutral bidders with independent and identically distributed valuations. In such an environment, the winning first price bids second order stochastically dominate the second...

Persistent link: https://www.econbiz.de/10005753456

Auctions with cross-shareholdings

Dasgupta, Sudipto; Tsui, Kevin - In: Economic Theory 24 (2004) 1, pp. 163-194

We study the effect of cross-shareholding among two competing firms on their bidding behavior and the expected sales … is again higher in the first-price than in the second price auction. Bidding behavior in the second-price auction is more …

Persistent link: https://www.econbiz.de/10005596651

Introduction to the Symposium

Deltas, George - In: Economic Theory 38 (2009) 1, pp. 1-7

Persistent link: https://www.econbiz.de/10005597861