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- W1570207614 abstract "We study private-value auctions with a large number of bidders. We calculate approximations of the equilibrium bids and the seller's revenue in first-price auctions regardless of whether the bidders are symmetric or asymmetric, or risk-neutral or risk-averse. Furthermore, we show that first-price auctions with asymmetric bidders, or risk-averse bidders, are asymptotically revenue equivalent to wide classes of standard auctions." @default.
- W1570207614 created "2016-06-24" @default.
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- W1570207614 date "2004-03-01" @default.
- W1570207614 modified "2023-09-23" @default.
- W1570207614 title "Asymptotic Analysis of Large Auctions" @default.
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