Analytical solution of $k$th price auction
Theoretical Economics
2020-06-22 v2 General Economics
Economics
Abstract
We provide an exact analytical solution of the Nash equilibrium for the th 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.
Cite
@article{arxiv.1911.04865,
title = {Analytical solution of $k$th price auction},
author = {Martin Mihelich and Yan Shu},
journal= {arXiv preprint arXiv:1911.04865},
year = {2020}
}
Comments
10 pages