a theory of auctions and competitive bidding paul r

35
A Theory of Auctions and Competitive Bidding Paul R. Milgrom; Robert J. Weber Econometrica, Vol. 50, No. 5. (Sep., 1982), pp. 1089-1122. Stable URL: http://links.jstor.org/sici?sici=0012-9682%28198209%2950%3A5%3C1089%3AATOAAC%3E2.0.CO%3B2-E Econometrica is currently published by The Econometric Society. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/econosoc.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Wed Jan 10 10:53:20 2007

Upload: others

Post on 16-Oct-2021

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: A Theory of Auctions and Competitive Bidding Paul R

A Theory of Auctions and Competitive Bidding

Paul R. Milgrom; Robert J. Weber

Econometrica, Vol. 50, No. 5. (Sep., 1982), pp. 1089-1122.

Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28198209%2950%3A5%3C1089%3AATOAAC%3E2.0.CO%3B2-E

Econometrica is currently published by The Econometric Society.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/econosoc.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact [email protected].

http://www.jstor.orgWed Jan 10 10:53:20 2007

Page 2: A Theory of Auctions and Competitive Bidding Paul R
Page 3: A Theory of Auctions and Competitive Bidding Paul R
Page 4: A Theory of Auctions and Competitive Bidding Paul R
Page 5: A Theory of Auctions and Competitive Bidding Paul R
Page 6: A Theory of Auctions and Competitive Bidding Paul R
Page 7: A Theory of Auctions and Competitive Bidding Paul R
Page 8: A Theory of Auctions and Competitive Bidding Paul R
Page 9: A Theory of Auctions and Competitive Bidding Paul R
Page 10: A Theory of Auctions and Competitive Bidding Paul R
Page 11: A Theory of Auctions and Competitive Bidding Paul R
Page 12: A Theory of Auctions and Competitive Bidding Paul R
Page 13: A Theory of Auctions and Competitive Bidding Paul R
Page 14: A Theory of Auctions and Competitive Bidding Paul R
Page 15: A Theory of Auctions and Competitive Bidding Paul R
Page 16: A Theory of Auctions and Competitive Bidding Paul R
Page 17: A Theory of Auctions and Competitive Bidding Paul R
Page 18: A Theory of Auctions and Competitive Bidding Paul R
Page 19: A Theory of Auctions and Competitive Bidding Paul R
Page 20: A Theory of Auctions and Competitive Bidding Paul R
Page 21: A Theory of Auctions and Competitive Bidding Paul R
Page 22: A Theory of Auctions and Competitive Bidding Paul R
Page 23: A Theory of Auctions and Competitive Bidding Paul R
Page 24: A Theory of Auctions and Competitive Bidding Paul R
Page 25: A Theory of Auctions and Competitive Bidding Paul R
Page 26: A Theory of Auctions and Competitive Bidding Paul R
Page 27: A Theory of Auctions and Competitive Bidding Paul R
Page 28: A Theory of Auctions and Competitive Bidding Paul R
Page 29: A Theory of Auctions and Competitive Bidding Paul R
Page 30: A Theory of Auctions and Competitive Bidding Paul R
Page 31: A Theory of Auctions and Competitive Bidding Paul R
Page 32: A Theory of Auctions and Competitive Bidding Paul R
Page 33: A Theory of Auctions and Competitive Bidding Paul R
Page 34: A Theory of Auctions and Competitive Bidding Paul R
Page 35: A Theory of Auctions and Competitive Bidding Paul R