Lowest unique bid auctions with population uncertainty

Erik Mohlin (), Robert Östling and Joseph Wang

Economics Letters, 2015, vol. 134, issue C, 53-57

Abstract: We characterize the unique Poisson–Nash equilibrium of the lowest unique bid auction (LUBA) when the number of bidders is uncertain and follows a Poisson distribution.

Keywords: Lowest unique bid auction; Least unmatched price auction; Minbid game; Poisson game; Congestion game; Mixed equilibrium (search for similar items in EconPapers)
JEL-codes: C72 D44 L83 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:134:y:2015:i:c:p:53-57

DOI: 10.1016/j.econlet.2015.06.009

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