Beck, Marissa; Ott, Marion - 2013 - This draft: January 16, 2013
larger price differences among bidders. Previous studies of MRCS games with incomplete information assumed restricted … independent private values, equilibrium strategies of a particular set of MRCS auctions employ a mixture of bid shading and … that equilibria with overbidding can be in some sense unique. In this setting, every Bayesian equilibrium in undominated …