Goeree, Jacob K.; Lien, Yuanchuan - In: Journal of Economic Theory 153 (2014) C, pp. 506-533
We provide a Bayes–Nash equilibrium analysis of the simultaneous ascending auction (SAA) when local bidders interested in a single item compete against global bidders interested in aggregating many items. We first assume that each local bidder values only a specific item, e.g. the license for...