Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/221476
Authors: 
Lizzeri, Alessandro
Persico, Nicola
Year of Publication: 
1995
Series/Report no.: 
Discussion Paper 1120
Abstract: 
We prove existence and uniqueness of equilibrium in a 2-bidder asymmetric first price auction with affiliated values. The techniques used to prove uniqueness are different from the ones used in analyses of private values environments. Moreover the proof of existence is constructive. For comparison purposes we also consider the war of attrition and show that there is a continuum of equilibria in that game.
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.