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Should Auctions Be Transparent?
Bergemann, Dirk - 2010
independent values across bidders. The values are assumed to be perfectly persistent over time.We analyze the first-price auction … disclosure regime, in which each bidder only learns privately whether he won or lost the auction at the end of each round. In … equilibrium, the winner of the initial auction lowers his bids over time, while losers keep their bids constant, in anticipation …
Persistent link: https://www.econbiz.de/10013139373
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First Price Auctions with General Information Structures : Implications for Bidding and Revenue
Bergemann, Dirk - 2015
We explore the impact of private information in sealed bid first price auctions. For a given symmetric and arbitrarily correlated prior distribution over values, we characterize the lowest winning bid distribution that can arise across all information structures and equilibria. The information...
Persistent link: https://www.econbiz.de/10013011350
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Should Auctions Be Transparent?
Bergemann, Dirk - 2014
minimal disclosure regime each bidder only learns privately whether he won or lost the auction. In equilibrium the allocation …
Persistent link: https://www.econbiz.de/10013047743
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First Price Auctions with General Information Structures : Implications for Bidding and Revenue
Bergemann, Dirk - 2015
This paper explores the consequences of information in sealed bid first price auctions. For a given symmetric and arbitrarily correlated prior distribution over valuations, we characterize the set of possible outcomes that can arise in a Bayesian equilibrium for some information structure. In...
Persistent link: https://www.econbiz.de/10013017815
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First Price Auctions with General Information Structures : Implications for Bidding and Revenue
Bergemann, Dirk - 2016
We explore the impact of private information in sealed-bid first-price auctions. For a given symmetric and arbitrarily correlated prior distribution over values, we characterize the lowest winning-bid distribution that can arise across all information structures and equilibria. The information...
Persistent link: https://www.econbiz.de/10012992717
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Should Auctions Be Transparent?
Bergemann, Dirk - 2017
minimal disclosure regime each bidder only learns privately whether he won or lost the auction. In equilibrium the allocation …
Persistent link: https://www.econbiz.de/10012948369
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First Price Auctions with General Information Structures : Implications for Bidding and Revenue
Bergemann, Dirk - 2016
We explore the impact of private information in sealed-bid first-price auctions. For a given symmetric and arbitrarily correlated prior distribution over values, we characterize the lowest winning-bid distribution that can arise across all information structures and equilibria. The information...
Persistent link: https://www.econbiz.de/10012982245
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Targeting in Advertising Markets : Implications for Offline vs. Online Media
Bergemann, Dirk - 2014
We develop a model with many advertisers (products) and many advertising markets (media). Each advertiser sells to a different segment of consumers, and each medium has a different ability to target advertising messages. We characterize the competitive equilibrium in the media markets and...
Persistent link: https://www.econbiz.de/10013069405
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Selling Cookies
Bergemann, Dirk - 2013
We analyze data pricing and targeted advertising. Advertisers seek to tailor their spending to the value of each consumer. A monopolistic data provider sells cookies -- informative signals about individual consumers' preferences. We characterize the set of consumers targeted by the advertisers...
Persistent link: https://www.econbiz.de/10013073446
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The Economics of Social Data
Bergemann, Dirk - 2020
A data intermediary pays consumers for information about their preferences and sells the information so acquired to firms that use it to tailor their products and prices. The social dimension of the individual data - whereby an individual's data are predictive of the behavior of others -...
Persistent link: https://www.econbiz.de/10012840234