Reputation in multi-unit ascending auction with common values
This paper considers a multi-unit ascending auction with two players and common values. A large set of equilibria in this model is not robust to a small reputational perturbation. In particular, if there is a positive probability that there is a type who always demands many units, regardless of pric...
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| Format: | Article |
| Language: | English |
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2013-01.
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| Online Access: | Get fulltext |