Reputation in repeated second-price auctions

DOI10.1016/0022-0531(88)90151-2MaRDI QIDQ1106074zbMATH OpenOpenAlexFDO

Authors Sushil Bikhchandani

Publication date 1988

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(88)90151-2

zbMATH Keywords

Bayesian Nash equilibriumoptimal auctionasymmetric stage gamerepeated auction settingrepeated game of incomplete informationsecond-price, common-value auctionssymmetric stage gametwo bidders

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Multistage and repeated games (91A20) Other game-theoretic models (91A40)

Recommendations

• Reputation in multi-unit ascending auction with common values
• Sequentially optimal auctions
• Reputational bidding
• Repeated common value auctions with asymmetric bidders
• Reserve prices in repeated auctions

Cites work

• A Bidding Model of Perfect Competition
• A Theory of Auctions and Competitive Bidding
• Communications to the editor: Competitive bidding with disparate information
• Games with Incomplete Information Played by ‘Bayesian’ Players, Part III. The Basic Probability Distribution of the Game
• Rational Expectations, Information Acquisition, and Competitive Bidding
• Rational cooperation in the finitely repeated prisoners' dilemma
• Reputation and imperfect information
• The Folk Theorem in Repeated Games with Discounting or with Incomplete Information
• Uniqueness of equilibrium in sealed high-bid auctions.

Cited in

(17)

• Bidding in a possibly common-value auction
• Repeated common value auctions with asymmetric bidders
• A learning approach to auctions
• Equilibria in open common value auctions
• Repeated Auctions with the Right of First Refusal
• Reputational bidding
• Hybrid auctions revisited
• Functional forms in studies of reputation in online auctions
• Egalitarianism and efficiency in repeated symmetric games
• On some myths about sequenced common-value auctions
• Coordination in auctions with entry
• Uninformed bidding in sequential auctions
• Bayesian inference in repeated English auctions
• Almost common value auctions and discontinuous equilibria
• Reputation in multi-unit ascending auction with common values
• Second-price common-value auctions under multidimensional uncertainty
• Auctions with asymmetric common-values: the first-price format

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