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Informational assumptions are an important aspect of the study of auctions in economictheory. However, there has been limited research into how the assumptions made by theoristsimpact their results. I explore two different aspects of the information available to biddersin auctions. The...
Persistent link: https://www.econbiz.de/10009428855
This dissertation examines the reasons for which a seller may decide to conduct a multi-unit auction sequentially rather than simultaneously. It analyzes the manner in which the information generated during a sequential auction can affect bidding to the seller's benefit and demonstrates the...
Persistent link: https://www.econbiz.de/10009428876
This work is composed of three essays on auction theory. In the first essay, we analyze the optimal auction of multiple non-identical objects when buyers are risk averse. We show that the auction forms that yield the maximum revenue in the risk neutral case are no longer optimal. In particular,...
Persistent link: https://www.econbiz.de/10009428898