GAVIOUS, ARIEH; MINCHUK, YIZHAQ - In: International Game Theory Review (IGTR) 14 (2012) 03, pp. 1250019-1
We compare the seller's expected revenue in asymmetric second-price auctions with the benchmark case where all bidders have the average distribution. We show that with two bidders, asymmetry has a negative effect on revenue. However, for n 2 bidders there is no clear observation we can make. We...