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Title of Journal: Econ Theory

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Abbravation: Economic Theory

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Springer-Verlag

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10.1007/bf02540238

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1432-0479

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Asymmetric firstprice auctions with uniform distr

Authors: Todd R Kaplan Shmuel Zamir
Publish Date: 2010/09/19
Volume: 50, Issue: 2, Pages: 269-302
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Abstract

In 1961 Vickrey posed the problem of finding an analytic solution to a firstprice auction with two buyers having valuations uniformly distributed on underlinev 1 overlinev 1 and underlinev 2 overlinev 2 To date only special cases of the problem have been solved In this paper we solve this general problem and in addition allow for the possibility of a binding minimum bid Several interesting examples are presented including a class where the two bid functions are linearWe wish to thank seminar participants at the 18th International Conference of Game Theory at Stony Brook Games 2008 Center for the Study of Rationality Harvard University MIT Universities of Aberdeen Paris and Tokyo comments by Minoru Kitahara Bernard Lebrun Dan Sasaki Joe Swierzbinski and two anonymous referees and editing by Michael Borns Both Todd Kaplan and Shmuel Zamir would like to thank the joint support of CNRS and the British Academy Todd Kaplan wishes to thank the generous support of the Leverhulme Foundation


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  1. (Non-)existence and Scope of Nash Networks
  2. Weighted approval voting
  3. A note on values for Markovian coalition processes
  4. Fixed-prize tournaments versus first-price auctions in innovation contests
  5. The optimal harvesting problem with a land market: a characterization of the asymptotic convergence
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  8. The effects of credit subsidies on development
  9. Tops-only domains
  10. Competitive screening in insurance markets with endogenous wealth heterogeneity
  11. Codes of Best Practice in competitive markets for managers
  12. Exact relations between Luenberger productivity indicators and Malmquist productivity indexes
  13. Carbon leakages: a general equilibrium view
  14. On the (non-)lattice structure of the equilibrium set in games with strategic substitutes
  15. Trade liberalization and aftermarket services for imports
  16. Passive learning: a critique by example
  17. Sequential two-prize contests
  18. Equivalence between graph-based and sequence-based extensive form games
  19. Ordinal dominance and risk aversion
  20. Using oriented volume to prove Sperner’s lemma
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  22. Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information
  23. Capital growth in a global warming model: will China and India sign a climate treaty?
  24. Noncooperative games, coupling constraints, and partial efficiency
  25. Equilibrium dynamics in discrete-time endogenous growth models with social constant returns
  26. Egalitarian division under Leontief Preferences
  27. Probabilistic social preference: how Machina’s Mom randomizes her choice

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