Forsythe, Robert; Isaac, R. Mark; Palfrey, Thomas R. - In: RAND Journal of Economics 20 (1989) 2, pp. 214-238
In this article we report the results from a series of laboratory markets in which sellers have better information about the quality of an item than any of the potential buyers. Sellers may voluntarily choose to reveal this information or they may instead decide to "blind bid" the item. We find...