Risk Aversion, Risk Sharing, and Joint Bidding: A Study of Outer Continental Shelf Petroleum Auctions
Collusion and heterogeneity across firms may introduce asymmetry in bidding games. A major difficulty in asymmetric auctions is that the Bayesian Nash equilibrium strategies are solutions of an intractable system of differential equations. We propose a ...
Year of publication: |
1985
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Authors: | Millsaps, Steven W. ; Ott, Mack |
Published in: |
Land Economics. - University of Wisconsin Press. - Vol. 64.1985, 4
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Publisher: |
University of Wisconsin Press |
Saved in:
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