Jeddy, Mohamed; Larue, Bruno; Gervais, Jean-philippe - In: Economics Bulletin 30 (2010) 1, pp. 429-436
We analyze sequential second-price auctions under complete information involving two or more bidders with similar decreasing marginal valuations. Krishna (1999) designed a 2-bidder numerical example to show the existence of two symmetric equilibria characterized by an asymmetric allocation and...
