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The paper analyzes the effects of strategic behavior by an insider in a price discovery process, akin to an information …
Persistent link: https://www.econbiz.de/10005245578
We consider a model where agents work in sequence on a project, share information not available to the principal, and …
Persistent link: https://www.econbiz.de/10005245587
and public information). In the case of private value, it is well-known that the Vickrey auction (for one good) or its … buyer's valuation can depend on other buyers' private information (the case of "common" or interdependent values … buyer's information can be represented as a one-dimensional signal (proposition 1 and 2). …
Persistent link: https://www.econbiz.de/10005245615
This paper looks at implementation in economic environments when agents have perfect information about the state of the …
Persistent link: https://www.econbiz.de/10005245625
Will improvements in information technology eliminate face-toface interactions and make cities obsolete? In this paper …
Persistent link: https://www.econbiz.de/10005256012
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