Abstract : We construct a family of retaliatory equilibria for the Japanese ascending auction for multiple objects and show that, while it is immune to many of the tacitly collusive equilibria studied in the literature, it is not entirely immune when some bidders are commonly known to be interested in a specific object.
https://hal-hec.archives-ouvertes.fr/hal-00459967 Contributor : Antoine HaldemannConnect in order to contact the contributor Submitted on : Thursday, February 25, 2010 - 4:51:09 PM Last modification on : Thursday, January 11, 2018 - 6:19:31 AM
Stefano Lovo, Fabrizio Germano, Gian Luigi Albano. Retaliatory Equilibria in a Japanese Ascending Auction for Multiple Objects.. Review of Economic Design, Springer Verlag, 2006, Vol.10,n°1, pp.1-8. ⟨10.1007/s10058-006-0006-z⟩. ⟨hal-00459967⟩