Auctions With a Random Number of Identical Bidders

Moshe Haviv and Igal Milchtaich

Economics Letters 114 (), 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.

JEL classification



Stochastic number of bidders; Random-player games; Identical bidders; Symmetric equilibrium