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CORRIGENDUM TO "EXISTENCE OF EQUILIBRIUM IN SINGLE AND DOUBLE PRIVATE VALUE ACTIONS"
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Abstract
This is a corrigendum to Theorem 15 of Jackson and Swinkels (2005) [Existence of Equilibrium in Single and Double Private Value Auctions, Econometrica, 73, 93-140], which proves the existence of equilibrium with positive probability of trade for private value auctions.