Gretschko, Vitali; Mass, Helene - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 1, pp. 61-93
The usual analysis of bidding in first-price auctions assumes that bidders know the distribution of valuations. We analyze first-price auctions in which bidders do not know the precise distribution of their competitors' valuations, but only the mean of the distribution. We propose a novel...
