independent values across bidders. The values are assumed to be perfectly persistent over time.We analyze the first-price auction … disclosure regime, in which each bidder only learns privately whether he won or lost the auction at the end of each round. In … equilibrium, the winner of the initial auction lowers his bids over time, while losers keep their bids constant, in anticipation …

minimal disclosure regime each bidder only learns privately whether he won or lost the auction. In equilibrium the allocation …

minimal disclosure regime each bidder only learns privately whether he won or lost the auction. In equilibrium the allocation …

-person partnership dissolving auction experiments, the partners with large shares bid less aggressively in an ambiguity environment than …

. -- imperfect recall ; absentmindedness ; dynamic inconsistency ; experiment …

and unobserved auction heterogeneity, and propose a Bayesian estimation method based on Bernstein polynomials. Monte Carlo …