Title

Numerical Analysis of Asymmetric First Price Auctions

Document Type

Article

Publication Date

9-1994

ISSN

0899-8256

Publisher

Elsevier

Language

en-US

Abstract

We propose numerical algorithms for solving first price auction problems where bidders draw independent valuations from heterogeneous distributions. The heterogeneity analyzed in this work is what might naturally emerge when subsets of distributionally homogeneous bidders collude. Bid functions and expected revenues are calculated for two special cases. Extensions to more general asymmetric first price auctions are discussed. Journal of Economic Literature Classification Numbers: D44, C63, C72, D82.

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