Fischer, Sven; Güth, Werner; Kaplan, Todd R.; Zultan, Ro'i - 2017 - Revised Version of JERP 2014-027
In first- and second-price private value auctions with sequential bidding, second movers may discover the first movers … eliminate the usual revenue dominance of first- over second-price auctions. With a high leak probability, second-price auctions …