Despite the complexity of the first price auction in the general asymmetric case, analytical results have started to emerge in the literature. Authors have also searched to gain insights by computing numerical estimates of the equilibria for some probability distributions of the valuations. This...

We study the first price auction game with an arbitrary number of bidders when the bidders' valuations are independent from each other. In technical words, we work within the "independent private value model." We show that if the supports of the valuation probability distributions have the same...

We study the first price auction game with an arbitrary number of bidders when the bidders' valuations are independent from each other. In technical words, we work within the "independent private value model". We show that if the supports of the valuation probability distributions have the same...