GANGSHU (GEORGE) CAI; WURMAN, PETER R.; GONG, XITING - In: International Game Theory Review (IGTR) 12 (2010) 01, pp. 75-81
This paper evaluates the discrete bid first-price sealed-bid (FPSB) auction in a model with a general value distribution. We show that a symmetric Bayesian Nash equilibrium exists for the discrete bid FPSB auction. We further prove that the discrete bid FPSB equilibrium conditionally converges...
