Ehrhart, Karl-Martin; Ott, Marion - 2014 - Preliminary and incomplete. This draft: June 24, 2014
auction). First, we solve for personal equilibrium profiles, i.e., profiles of bids that contain for each bidder a bidding …We investigate equilibrium bidding behavior of bidders with reference-dependent preferences and independent private … point due to updated information about others' values (i.e., the own winning probability) during the course of the auction …