Zero Sum Games
Thread and Full Text View
If you mean by risk netral nash equilibrium a nash equilibrium of the game where bidders are risk netral, then you can llok at the book "The Analytics of Uncertainty and Information" by Hirshleifer and Riley(pp.386-390). And you can also look at the paper by Riley and Samuelson, "Optimal Auctions," American Economic Review 71 (June 1981)381-92, where the symmetric equilibrium bidding function is derived.
|03/25/2002 12:52 PM by Sungbin Cho; Re:RNNE bid function|
I am looking for basic literature that derives the risk neutral Nash equilibrium bid function in first-price seald-bid auctions. [View full text and thread]
|03/23/2002 08:47 AM by Dorothee; RNNE bid function|