Commitment in first-price auctions

We study a variation of the single-item sealed-bid first-price auction where one bidder (the leader) is given the option to publicly pre-commit to a distribution from which her bid will be drawn.

[1]  Yair Tauman,et al.  Simple collusive agreements in one-shot first-price auctions , 2010, Games Econ. Behav..

[2]  Jean-Francois Richard,et al.  Bidder Collusion at Forest Service Timber Sales , 1997, Journal of Political Economy.

[3]  Martin Pesendorfer A Study of Collusion in First-Price Auctions , 2000 .

[4]  T. Schelling,et al.  The Strategy of Conflict. , 1961 .

[5]  Masaki Aoyagi,et al.  Bid rotation and collusion in repeated auctions , 2003, J. Econ. Theory.

[6]  T. Başar,et al.  Dynamic Noncooperative Game Theory , 1982 .

[7]  R. Evans,et al.  Reputation and Experimentation in Repeated Games with Two Long-Run Players , 1997 .

[8]  Robert C. Marshall,et al.  Bidder collusion , 2007, J. Econ. Theory.

[9]  Michael Maschler,et al.  A price leadership method for solving the inspector's non-constant-sum game , 1966 .

[10]  J. Asker,et al.  Bidding Rings , 2022 .

[11]  Ariel Rubinstein,et al.  Decentralized Trading, Strategic Behaviour and the Walrasian Outcome , 1990 .

[12]  Shiran Rachmilevitch Endogenous bid rotation in repeated auctions , 2013, J. Econ. Theory.

[13]  James Schummer,et al.  Bribing and signaling in second price auctions , 2004, Games Econ. Behav..

[14]  Bernhard von Stengel,et al.  Leadership games with convex strategy sets , 2010, Games Econ. Behav..

[15]  D. Fudenberg,et al.  Reputation and Equilibrium Selection in Games with a Patient Player , 1989 .

[16]  Andrzej Skrzypacz,et al.  Tacit collusion in repeated auctions , 2001, J. Econ. Theory.

[17]  Daniel R. Vincent Modelling competitive behavior , 1992 .

[18]  Ariel Rubinstein,et al.  A Course in Game Theory , 1995 .

[19]  John N. Tsitsiklis,et al.  Introduction to Probability , 2002 .

[20]  Klaus M. Schmidt Reputation and Equilibrium Characterization in Repeated Games with Conflicting Interests , 1993 .

[21]  Moshe Tennenholtz,et al.  Program equilibrium , 2004, Games Econ. Behav..