DP4009 Auctions with Weakly Assymmetric Interdependent Values

Author(s): Gadi Fibich, Arieh Gavious, Aner Sela
Publication Date: August 2003
Keyword(s): interdependent values, perturbation analysis, weakly assymetric auctions
JEL(s):
Programme Areas: Industrial Organization
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=4009

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.