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We study the optimal selling mechanism and information disclosure policy for a house seller. The seller can select any 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...
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The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding … ; Bidding ; Reverse Auctions ; Multi-Attribute Auctions ; Non-Binding Auctions ; Information Revelation ; Structural Estimation …
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This paper examines the effects of disclosing the actual number of bidders in contests with endogenous stochastic entry. I study a standard all-pay auction in which bidders' valuations are commonly known but their participation decisions private. Each potential bidder has to incur an entry cost...
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We consider a moral hazard issue inherent in the equity auctions of assets such as oil & gas leases and corporate …
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We study the design of information disclosure in a dynamic multi-agent research contest, where each agent privately searches for innovations and submits his best to compete for a winner-takes-all prize. We find that although submission is a onetime event for each agent, different disclosure...
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hypothesis that disclosure requirements mitigate information asymmetries in the auctions for failed banks, I find that when …
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