Harstad, Ronald M.; Pekec, Aleksandar Sasa; Tsetlin, Ilia - In: Games and Economic Behavior 62 (2008) 2, pp. 476-508
Information aggregation, a key concern for uniform-price, common-value auctions with many bidders, has been characterized in models where bidders know exactly how many rivals they face. A model allowing for uncertainty over the number of bidders is essential for capturing a critical condition...