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Analytical Solution of $K$th Price Auction by Mihelich, Martin; Shu, Yan is a scholarly article available to read on EtoBox.

What is Analytical Solution of $K$th Price Auction about?

We provide an exact analytical solution of the Nash equilibrium for the $k$th price auction by using inverse of distribution functions. As applications, we identify the unique symmetric equilibrium where the valuations have polynomial distribution, fat tail distribution and exponential distributions.

Author

Mihelich, Martin; Shu, Yan

Published

2019

Language

EN