Jump to ContentJump to Main Navigation

You are looking at 1-2 of 2 items

  • Keywords: private values model x
Clear All Modify Search

View:

An Introduction to Auction Theory

Flavio M. Menezes and Paulo K. Monteiro

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275984
eISBN:
9780191602214
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/019927598X.001.0001
Subject:
Economics and Finance, Microeconomics

This book presents an in-depth discussion of the auction theory. It introduces the concept of Bayesian Nash equilibrium and the idea of studying auctions as games. Private, common, and affiliated ... More


Private Values

Flavio M. Menezes and Paulo K. Monteiro

in An Introduction to Auction Theory

Published in print:
2004
Published Online:
April 2005
ISBN:
9780199275984
eISBN:
9780191602214
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019927598X.003.0003
Subject:
Economics and Finance, Microeconomics

This chapter presents the Independent Private Values model, wherein bidders’ values for the object being auctioned off is a function of only their own types. The equilibrium bidding strategies and ... More


View: