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An elementary proof of the common maximal bid in asymmetric first-price and all-pay auctions
Gadi Fibich
, Gal Oren
School of Mathematical Sciences
Tel Aviv University
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Keyphrases
Bidders
100%
All-pay Auction
100%
Elementary Proof
100%
First-price
100%
Risk-neutral
50%
Distribution Function
50%
Mathematics
Asymmetric
100%
Distribution Function
50%
Economics, Econometrics and Finance
Auction
100%