Article
A Note on Discrete Bid First-Price Auction with General Value Distribution
Information Systems and Analytics
Document Type
Article
Publication Date
3-1-2010
Publisher
World Scientific Publishing
Disciplines
Abstract
This paper evaluates the discrete bid first-price sealed-bid (FPSB) auction in a model with a general value distribution. We show that a symmetric Bayesian Nash equilibrium exists for the discrete bid FPSB auction. We further prove that the discrete bid FPSB equilibrium conditionally converges to that of a continuous bid FPSB auction.
Citation Information
Cai, G. (george), Wurman, P. R., & Gong, X. (2010). A note on discrete bid first-price auction with general value distribution. International Game Theory Review, 12(01), 75–81. https://doi.org/10.1142/S0219198910002520