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selling mechanism, including an auction, and release additional information about the house to buyers. Release of information … adjusts the buyers' values and bids. We find that the optimal mechanism is a combination of the optimal auction and full … information disclosure. But if the seller uses a second-price auction instead, concealing additional information about the house …
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The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding process. We use data from a large European procurement platform to study the impact of different information structures, specifically the availability of quality information to the...
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This study examines the impact of disclosure requirements on the resolution costs of failed banks. Consistent with the hypothesis that disclosure requirements mitigate information asymmetries in the auctions for failed banks, I find that when failed banks are subject to more comprehensive...
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This study examines the impact of disclosure requirements on the resolution costs of failed banks. Consistent with the hypothesis that disclosure requirements mitigate information asymmetries in the auctions for failed banks, I find that, when failed banks are subject to more comprehensive...
Persistent link: https://www.econbiz.de/10013072421