{"title":"Asymmetric Information about Rivals' Types: Existence of Equilibrium in First-Price Auction","authors":"Jinwoo Kim","doi":"10.22812/JETEM.2016.27.1.001","DOIUrl":null,"url":null,"abstract":"This paper establishes the equilibrium existence in the first-price auction in the setup where bidders are partitioned into ``knowledge groups'' so that each bidder observes the types of rival bidders in the same group but not the others' types.","PeriodicalId":39995,"journal":{"name":"Journal of Economic Theory and Econometrics","volume":"27 1","pages":"1-15"},"PeriodicalIF":0.0000,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Theory and Econometrics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22812/JETEM.2016.27.1.001","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This paper establishes the equilibrium existence in the first-price auction in the setup where bidders are partitioned into ``knowledge groups'' so that each bidder observes the types of rival bidders in the same group but not the others' types.
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