A Class of Dominance Solvable Common-Value Auctions

S-Tier
Journal: Review of Economic Studies
Year: 1985
Volume: 52
Issue: 3
Pages: 525-528

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

Dominant strategies seldom exist in non-cooperative games. Moulin's concept of a dominance solvable game generalizes, dominant strategy without dramatic loss in appeal. We consider a class of common-value auctions characterized by the property that the maximum of a collection of informative signals is a sufficient statistic for the entire collection. We demonstrate that this class of second-price auctions is dominance solvable.

Technical Details

RePEc Handle
repec:oup:restud:v:52:y:1985:i:3:p:525-528.
Journal Field
General
Author Count
2
Added to Database
2026-01-25