Campo, S.; Perrigne, I.; Vuong, Q.H. - Département d'Économie et Sociologie Rurales, … - 2000
The existence of cartels, collusion and heterogeneity across firms is known to introduce some asymmetry in bidding games. A major difficulty when considering asymmetric auctions is that the equilibrium strategies are solutions of an intractable system of differential equations. This paper...