Minchuk, Yizhaq - In: Economics Bulletin 33 (2013) 2, pp. 1328-1332
We study asymmetric first-price auctions with n bidders. We expand the results of Fibich et al. (2002) for asymmetric first-price auctions to a general utility function. We show that for low type bidders, the equality of equilibrium bids with symmetric, uniform distribution bids holds for the...