heterogeneity in the dispersion of private value components. I use the asymmetric ascending auction model of Hong and Shum (2003) to …

auction model in which a seller's choice of reserve price signals her private information about the object's quality. We show …. We estimate the reserve price signaling model using a novel dataset from a large online auto auction platform. We find …

learns his own valuation. Using a simple discrete asymmetric first-price auction setting, we show that a bidder may indeed …-price auction model. Finally, we use a specific signaling structure with uniform distributions to show that signaling need not be … beneficial for any precision of the signal. -- Asymmetric auction ; first-price auction ; signaling …