Auctions With a Random Number of Identical Bidders
Moshe Haviv and Igal Milchtaich
Economics Letters 114 (2012), 143–146
We examine and compare the (normally, mixed) symmetric equilibrium bidding strategies in first-price and all-pay common value multiple item auctions with a random number of bidders, who only seek one of the identical items and have the same budget.
Stochastic number of bidders; Random-player games; Identical bidders; Symmetric equilibrium