The tripartite auction folk theorem

B-Tier
Journal: European Economic Review
Year: 2024
Volume: 162
Issue: C

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We formally study two bidder first-price, second-price, and all-pay auctions with known values, deriving the equilibrium payoffs and strategies and showing when all three yield the same equilibrium payoffs to the bidders. This latter result, the tripartite auction theorem, does not hold for all auctions, in particular it can fail for symmetric auctions with high stakes and in auctions with very low stakes.

Technical Details

RePEc Handle
repec:eee:eecrev:v:162:y:2024:i:c:s0014292123002842
Journal Field
General
Author Count
3
Added to Database
2026-01-25