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Discussion Paper Details

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Title: Auctions with Weakly Assymmetric Interdependent Values

Author(s): Gadi Fibich, Arieh Gavious and Aner Sela

Publication Date: August 2003

Keyword(s): interdependent values, perturbation analysis and weakly assymetric auctions

Programme Area(s): Industrial Organization

Abstract: We study second price auctions with weakly asymmetric interdependent values where bidders' signals for the value are independently and identically distributed. We also prove an asymptotic revenue equivalence among all standard auctions with weakly asymmetric interdependent values.

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Bibliographic Reference

Fibich, G, Gavious, A and Sela, A. 2003. 'Auctions with Weakly Assymmetric Interdependent Values'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4009