auction than in the discriminatory auction. In the two-bidder case this result extends to the set of rationalizable strategies …

definition for Point-Rationalizable Strategies in the context of Games with a Continuum of Players. In a special class of this …

auction than in the discriminatory auction. In the two-bidder case this result extends to the set of rationalizable strategies … discriminatory auction. In the two-bidder case this result extends to the set of rationalizable strategies. As a consequence, we flnd …, rationalizable strategies. JEL Classiflcation: D44. ⁄Department of Economics and Finance, University of Texas { Pan American, 1201 …