Hendricks, Kenneth (contributor); … - 2006
much of this survey, we follow the literature and treat each auction as an indepen-
dent event, ignoring any factors …� or valuation is given by Ui = ui(V;Xi;X i) in the
event that bidder i obtains the object being sold. The seller announces … with asymmetrically informed bidders. Third,
there is an implicit assumption that, in the event that someone else obtains …