Splet06. dec. 2024 · For example, if the highest bidder won an auction with a bid of $500, and the previous high bid was $480, then the winning bidder only has to pay $480 for the item … http://www.columbia.edu/~yc2271/files/papers/All-pay-EL.pdf
Existence of an Equilibrium in First Price Auctions - JSTOR
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A Beginners Guide to First-Price vs. Second-Price Auctions
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