Kotowski, Maciej Henryk; Rachmilevitch, Shiran - Kennedy School of Government, Harvard University - 2013
We clarify the sufficient condition for a trivial equilibrium to exist in the model of Rachmilevitch (2013). Rachmilevitch (2013), henceforth R13, studies the following game. Two ex ante identical players are about to participate in an independent-private-value first-price, sealed bid auction...