Level-k Auctions: Can a nonequilibrium model of strategic thinking explain the winner's curse and overbidding in private-value auctions?

  1. Crawford, V.P.
  2. Iriberri, N.
Journal:
Econometrica

ISSN: 0012-9682,  1468-0262

Year of publication: 2007

Volume: 75

Issue: 6

Pages: 1721-1770

Type: Article

DOI: 10.1111/J.1468-0262.2007.00810.X GOOGLE SCHOLAR
Data source: Scopus