Crémer, Jacques; Spiegel, Yossi; Zheng, Charles Zhoucheng - Iowa State University of Science and Technology <Ames, … - 2007
We characterize optimal selling mechanisms in auction environments where biddersmust incur a cost to learn their valuations. These mechanisms specify for eachperiod, as a function of the bids in previous periods, which new potential buyersshould be asked to bid. In addition, these mechanisms...
