The set of equilibria of first-price auctions Monteiro, Paulo Klinger

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Monteiro, Paulo Klinger
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The Journal of Mathematical Economics
Auctions; Equilibrium (Economics) -- Research; Mathematics
To link to full-text access for this article, visit this link: Byline: Paulo Klinger Monteiro Keywords: First-price auction; Equilibria Abstract: I specify the class of functions that are equilibria of symmetric first-price auctions. A formula to recover the distribution of valuations for any equilibrium bidding strategy is given. Author Affiliation: FGV-EPGE, Praia de Botafogo 190, Sala 1103, 22250-900, RJ, Brazil Article History: Received 30 September 2004; Revised 6 September 2005; Accepted 5 October 2005 Article Note: (footnote) [star] I acknowledge the comments of Luis Braido, Carlos Costa, Marcelo Fernandes, Luiz Lima and Frank Page.
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