. -- Signaling game ; Consideration set ; Counter signaling ; Limited attention ; Marketing ; Advertising …

A seller possessing private information about the quality of a good attempts to sell it through a second-price auction … to the equilibrium of a screening game in which an uninformed monopoly broker chooses the trading mechanism. We show that … the ex-ante expected probability of trade may be larger with a monopoly broker, as well as the ex-ante total expected …

later stages in favor of early leaders. Even in the worst-case scenario, where noise swamps ability differences in … determining relative performance, optimal bias is i) strictly positive; ii) locally insensitive to changes in the heterogeneity-to-noise …