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We study optimal auctions in a symmetric private values setting, where bidders' care about winning the object and a receiver's inference about their type. We reestablish revenue equivalence when bidders' signaling concerns are linear, and the auction makes participation observable via an entry...
Persistent link: https://www.econbiz.de/10012422185
stochastic. It is shown that equilibria in the former mechanism trade-off allocative efficiency and competing buyers …
Persistent link: https://www.econbiz.de/10005162707
Persistent link: https://www.econbiz.de/10012108626
We study optimal auctions in a symmetric private values setting, where bidders' care about winning the object and a receiver's inference about their type. We reestablish revenue equivalence when bidders' signaling concerns are linear, and the auction makes participation observable via an entry...
Persistent link: https://www.econbiz.de/10012420461
We study optimal auctions in a symmetric private values setting, where bidders have signaling concerns: they care about winning the object and a receivers inference about their type. Signaling concerns arise in various economic situations such as takeover bidding, charity auctions, procurement...
Persistent link: https://www.econbiz.de/10015339543
Persistent link: https://www.econbiz.de/10015396250
We study optimal auctions in a symmetric private values setting, where bidders have signaling concerns: they care about winning the object and a receivers inference about their type. Signaling concerns arise in various economic situations such as takeover bidding, charity auctions, procurement...
Persistent link: https://www.econbiz.de/10015326255
Persistent link: https://www.econbiz.de/10014245227
The received characterizations of feasible interim allocations are mostly in the spirit of Border (1991): Fix a family of sets, each containing some player-types, and test the interim allocation under consideration against all these sets. In the published literature, such Border-like...
Persistent link: https://www.econbiz.de/10015410993
Persistent link: https://www.econbiz.de/10010407798