Analytical solution of kth price auction

Martin Mihelich () and Yan Shu ()
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Martin Mihelich: Open Pricer
Yan Shu: Walnut Algorithms

International Journal of Game Theory, 2020, vol. 49, issue 3, No 10, 875-884

Abstract: Abstract We provide an exact analytical solution of the Nash equilibrium for the kth price auction by using inverse of distribution functions. As applications, we identify the unique symmetric equilibrium where the valuations have polynomial distribution, fat tail distribution and exponential distributions.

Keywords: Vickrey auctions; kth Price auctions; Inverse distribution functions (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s00182-020-00729-x

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