Simultaneous auctions for complementary goods

Wiroy Shin

Papers from arXiv.org

Abstract: This paper studies an environment of simultaneous, separate, first-price auctions for complementary goods. Agents observe private values of each good before making bids, and the complementarity between goods is explicitly incorporated in their utility. For simplicity, a model is presented with two first-price auctions and two bidders. We show that a monotone pure-strategy Bayesian Nash Equilibrium exists in the environment.

Date: 2013-12
New Economics Papers: this item is included in nep-cta, nep-gth, nep-mac and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1312.2641

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