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Other Papers on :Market System: Price, Demand and Supply

P/E/265. Equilibrium in different auction types

(2005, 2500 words)

The study centres around auctions examining the concept of equilibrium in four auction types: English, Dutch, First price sealed bid and Second price sealed bid. Bidding rules in each auction type are discussed within the framework of the Independent Private Values model (IPV) differentiating between symmetric and asymmetric bidders.
 
   
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