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Respond to the question: RNNE bid function?

03/25/2002 12:52 PM by Sungbin Cho; Re:RNNE bid function
If you mean by risk netral nash equilibrium a nash equilibrium of the game where bidders are risk netral, then you can llok at the book "The Analytics of Uncertainty and Information" by Hirshleifer and Riley(pp.386-390). And you can also look at the paper by Riley and Samuelson, "Optimal Auctions," American Economic Review 71 (June 1981)381-92, where the symmetric equilibrium bidding function is derived.
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03/23/2002 08:47 AM by Dorothee; RNNE bid function
I am looking for basic literature that derives the risk neutral Nash equilibrium bid function in first-price seald-bid auctions. [View full text and thread]