Ding, Weili; Jeitschko, Thomas D.; Wolfstetter, Elmar - 2009
In a recurring auction early bids may reveal bidders' types, which in turn affects bidding in later auctions. Bidders … may reveal bidders’ types, which in turn
affects bidding in later auctions. Bidders take this into account and may
bid in … present paper analyzes equilibrium bidding in a sequence of first-price auc-
tions, when bidders have stable private values …