To link to full-text access for this article, visit this link:
Byline: Paulo Klinger Monteiro
First-price auction; Equilibria
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.
FGV-EPGE, Praia de Botafogo 190, Sala 1103, 22250-900, RJ, Brazil
Received 30 September 2004; Revised 6 September 2005; Accepted 5
(footnote) [star] I acknowledge the comments of Luis Braido, Carlos
Costa, Marcelo Fernandes, Luiz Lima and Frank Page.