Publication: On some myths about sequenced common-value auctions
Loading...
Identifiers
Publication date
1997-04
Defense date
Advisors
Tutors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Equilibria are constructed for classes of game models of sequenced second-price auctions having identical common-valued objects In some of these the equilibrium price falls on average, and in others the seller loses on average by committing to announce publicly something that he knows. Both of these possibilities are surprises.
Description
Keywords
Auctions, Common valued objects, Information revelation