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.
© 2015 Springer-Verlag Berlin Heidelberg. This research was supported in part by NSF grants CCF-0910940 and CNS-1254169, the Charles Lee Powell Foundation, and a Microsoft Research Faculty Fellowship.
Submitted - commitment.pdf