On the Existence of Pure Strategy Monotone Equilibria in Asymmetric First-Price Auctions Philip J. Reny; Shmuel Zamir Econometrica, Vol. 72, No. 4. (Jul., 2004), pp. 1105-1125. Stable URL: http://links.jstor.org/sici?sici=0012-9682%28200407%2972%3A4%3C1105%3AOTEOPS%3E2.0.CO%3B2-V Econometrica is currently published by The Econometric Society.

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Econometrica, Vol. 72, No. 4. (Jul., 2004), pp. 1105-1125.

gratefully acknowledges financial support from the National Science Foundation ...... grade their computer systems to enhance production. ..... b.s.). where the inequality on the third line follows from MWTheorem 23, because u,(b, s, S ,) and.

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