First-price equilibrium and revenue equivalence in a sequential procurement auction model (Q2268137)
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scientific article; zbMATH DE number 5679475
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| English | First-price equilibrium and revenue equivalence in a sequential procurement auction model |
scientific article; zbMATH DE number 5679475 |
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First-price equilibrium and revenue equivalence in a sequential procurement auction model (English)
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10 March 2010
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The authors introduce a sequential procurement auction model in order to analyze the first-price corresponding equilibrium, under capacity constraints and endogenous outside applications, with possible revenue equivalences.
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auction model
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price-equilibrium
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revenue equivalence
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0.8056061863899231
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0.801497757434845
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0.7999463677406311
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0.7913796901702881
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0.7909441590309143
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