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|
|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.