A note on the wallet game with discrete bid levels

被引：2

作者：

Goncalves, Ricardo ^{[1
,2
]}

Ray, Indrajit ^{[3
]}

机构：

[1] Univ Catolica Portuguesa, Catolica Porto Business Sch, Rua Diogo Botelho 1327, P-4169005 Porto, Portugal

[2] Univ Catolica Portuguesa, CEGE, Rua Diogo Botelho 1327, P-4169005 Porto, Portugal

[3] Cardiff Univ, Cardiff Business Sch, Econ Sect, Colum Dr, Cardiff CF10 3EU, S Glam, Wales

来源：

ECONOMICS LETTERS | 2017年 / 159卷

关键词：

Japanese-English auctions; Wallet game; Discrete bids; ENGLISH AUCTIONS;

D O I：

10.1016/j.econlet.2017.07.032

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

It is well-known that in the wallet game with two bidders, bidding twice the (individual) signal is an equilibrium. We prove that this strategy is never an equilibrium in a Japanese English auction once discrete bid levels are introduced; we also discuss the implications of this result. (C) 2017 The Authors. Published by Elsevier B.V.

引用

页码：177 / 179

页数：3

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