Bergemann, Dirk; Brooks, Ben; Morris, Stephen - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1399-1434
We characterize revenue maximizing mechanisms in a common value environment where the value of the object is equal to … allocate to the bidder with the highest signal (e.g., the first-price, second-price or English auctions) deliver lower revenue …