Mares, Vlad; Shor, Mikhael - In: Review of Economic Design 17 (2013) 3, pp. 183-203
We consider how information concentration affects a seller’s revenue in common value auctions. The common value is a function of <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$n$$</EquationSource> </InlineEquation> random variables partitioned among <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$m \le n$$</EquationSource> </InlineEquation> bidders. For each partition, the seller devises an optimal mechanism. We show that whenever the value...</equationsource></inlineequation></equationsource></inlineequation>