“Equilibrium of Affiliated Value Second Price Auctions with Financially Constrained Bidders : the Two-Bidder Case” by Hanming FANG
Authors:
Hanming FANG
Yale UniversitySergio O PARREIRAS
University of Pennsylvania
We study an affiliated value second price auction with two financially constrained bidders. We prove the existence of a symmetric equilibrium under quite general conditions. Comparative static results are provided.
