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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 the optimal mechanism is a combination of the optimal auction and full … information disclosure. But if the seller uses a second-price auction instead, concealing additional information about the house …
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The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding process. We use data from a large European procurement platform to study the impact of different information structures, specifically the availability of quality information to the...
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