Proves existence and uniqueness of BNE in first-price auctions with discrete value distributions and provides a computation algorithm that avoids ODEs.
Other buyers’ next values are smaller than or equal to the value at end point
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Bayesian Nash Equilibrium in First-Price Auction with Discrete Value Distributions
Proves existence and uniqueness of BNE in first-price auctions with discrete value distributions and provides a computation algorithm that avoids ODEs.