Simultaneous auctions for complementary goods
Trading and Market Microstructure
2013-12-11 v1 Computer Science and Game Theory
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.
Keywords
Cite
@article{arxiv.1312.2641,
title = {Simultaneous auctions for complementary goods},
author = {Wiroy Shin},
journal= {arXiv preprint arXiv:1312.2641},
year = {2013}
}