On the equivalence between descending bid auctions and first price sealed bid auctions

DOI10.1007/BF00133162zbMATH Open0653.90006MaRDI QIDQ1108169FDOQ1108169

Authors: Edi Karni 

Publication date: 1988

Published in: Theory and Decision (Search for Journal in Brave)

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zbMATH Keywords

descending bid auctionsexpected utility maximizing behaviorfirst price sealed bid auctions

Mathematics Subject Classification ID

Utility theory (91B16)

Cites Work

• A Theory of Auctions and Competitive Bidding
• Ascending bid auctions with behaviorally consistent bidders
• Dynamic Consistency, Revelations in Auctions and the Structure of Preferences

Cited In (9)

• A dynamic mechanism and surplus extraction under ambiguity
• Inverse S-shaped probability weighting functions in first-price sealed-bid auctions
• Payoff equivalence in sealed bid auctions and the dual theory of choice under risk
• Equivalence of auctions and posted prices
• Information acquisition during a descending auction
• Behavioral mechanism design: evidence from the modified first-price auctions
• Robust bidding and revenue in descending price auctions
• Auctions with uncertain numbers of bidders
• Dutch vs. first-price auctions with expectations-based loss-averse bidders

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