Kirchkamp, Oliver; Moldovanu, Benny - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2000
We study experiments in an auction setting with interdependent valuation. Groups of three players receive private signals and then bid for a single, indivisible item. Valuations for the item differ within groups and depend asymmetrically on a bidder's own and other bidders' signals....