Equilibrium of affiliated value second price auctions with financially constrained bidders: The two-bidder case (Q1864800)
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scientific article; zbMATH DE number 1886670
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| English | Equilibrium of affiliated value second price auctions with financially constrained bidders: The two-bidder case |
scientific article; zbMATH DE number 1886670 |
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Equilibrium of affiliated value second price auctions with financially constrained bidders: The two-bidder case (English)
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23 March 2003
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Affiliated-value second-price auctions with two financially constrained bidders are studied. The existence of a symmetric equilibrium is proved under general conditions. Comparative statics results are provided.
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second price auction
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affiliated values
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financially constrained bidders
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