Numerical Solutions of Asymmetric, First-Price, Independent Private Values Auctions: Comment
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This comment analyzed the effectiveness of searching method for the upper bound of bidding function in Gayle and Richard’s (Computational Economics 32:245–278, 2008) algorithm. A new searching method is proposed on the base of such analysis, which can be more effective and more efficient.
KeywordsSearch method Numerical solution First-price auction
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