Doni, Nicola; Menicucci, Domenico - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2011
We consider an asymmetric auction setting with two bidders such that the valuation of each bidder has a binary support. We prove that in this context the second price auction yields a higher expected revenue than the first price auction for a broad set of parameter values, although the opposite...