Communications to the Editor—Competitive Bidding with Disparate Information

This paper analyses competitive bidding via sealed tenders for the case in which the bidders have different sources and amounts of information available about the value of the prize. The equilibrium pure strategies are characterized and computational methods are derived. A simple example is solved completely.

• 저널Management Science · 15(7) · 446–452
• 토픽Auction Theory and Applications · Management Science and Operations Research
• DOI10.1287/mnsc.15.7.446
• 저자Robert Wilson