摘要：We study a symmetric, profitt share, common value auction with a twist: One (fixed) Bidder, if not winning the auction, has to enter a partnership with the winner, sharing both expenses and revenue at rate (say) 0 < r < 1. We show that it doesn't have an equilibrium in pure strategies.
其他摘要：We study a symmetric, profitt share, common value auction with a twist: One (fixed) Bidder, if not winning the auction, has to enter a partnership with the winner, sharing both expenses and revenue at rate (say) 0 < r < 1. We show that it doesn't have an equilibrium in pure strategies.
