Publication: Successful uninformed bidding
| dc.affiliation.dpto | UC3M. Departamento de Economía | es |
| dc.contributor.author | Hernando-Veciana, Ángel | es |
| dc.date.accessioned | 2014-05-27T15:32:46Z | |
| dc.date.available | 2014-05-27T15:32:46Z | |
| dc.date.issued | 2004-07 | es |
| dc.description.abstract | This paper provides some striking results that arise in the unique symmetric equilibrium of common value multi-unit auctions in which some bidders have more information than others. We show that in a generalized second price auction with single-unit demand, bidders with less information do surprisingly well: they can have a greater probability of winning than bidders with more information do, and may even have a higher expected utility. We also find a positive relationship between the success of less-informed bidders and a ratio of units for sale to bidders. | en |
| dc.description.status | Publicado | es |
| dc.format.extent | 25 | |
| dc.format.mimetype | application/pdf | |
| dc.identifier.bibliographicCitation | Games and Economic Behavior (2004), 48 (1), 29-53 | en |
| dc.identifier.doi | 10.1016/j.geb.2003.09.002 | |
| dc.identifier.issn | 0899-8256 | |
| dc.identifier.publicationfirstpage | 29 | |
| dc.identifier.publicationissue | 1 | |
| dc.identifier.publicationlastpage | 53 | |
| dc.identifier.publicationtitle | Games and Economic Behavior | en |
| dc.identifier.publicationvolume | 48 | |
| dc.identifier.uri | https://hdl.handle.net/10016/5164 | |
| dc.language.iso | eng | |
| dc.publisher | Elsevier | es |
| dc.relation.isversionof | http://hdl.handle.net/10016/5175 | |
| dc.relation.publisherversion | http://dx.doi.org/10.1016/j.geb.2003.09.002 | |
| dc.rights | © 2003 Elsevier Inc. | en |
| dc.rights.accessRights | open access | en |
| dc.subject.eciencia | Economía | es |
| dc.subject.jel | D44 | |
| dc.subject.other | Multi-unit auctions | en |
| dc.subject.other | Common value | en |
| dc.subject.other | Asymmetric bidders | en |
| dc.title | Successful uninformed bidding | en |
| dc.type | research article | * |
| dc.type.hasVersion | AM | * |
| dc.type.review | PeerReviewed | en |
| dspace.entity.type | Publication |
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