Gonçalves, RicardoRay, Indrajit2018-07-022018-07-022017Gonçalves, R., Ray, I. (2017). A note on the wallet game with discrete bid levels. Economics Letters, 159, 177-1790165-1765http://hdl.handle.net/10400.14/25150It is well-known that in the wallet game with two bidders, bidding twice the (individual) signal is an equilibrium. We prove that this strategy is never an equilibrium in a Japanese–English auction once discrete bid levels are introduced; we also discuss the implications of this result.engJapanese-English auctionsWallet gameDiscrete bidsjournal article10.1016/j.econlet.2017.07.0321873-737485027285852000412620600043