Simultaneous auctions for complementary goods

Wiroy Shin

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arXiv · 1312.2641

Simultaneous auctions for complementary goods

Wiroy Shin

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Abstract

This paper studies an environment of simultaneous, separate, first-price auctions for complementary goods. Agents observe private values of each good before making bids, and the complementarity between goods is explicitly incorporated in their utility. For simplicity, a model is presented with two first-price auctions and two bidders. We show that a monotone pure-strategy Bayesian Nash Equilibrium exists in the environment.

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Wiroy Shin. 2013-12-10. Simultaneous auctions for complementary goods. https://arxiv.org/abs/1312.2641

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