Cason, Timothy N.; Kannan, Karthik N.; Siebert, Ralph - In: Management Science 57 (2011) 4, pp. 667-688
Theoretical models of information asymmetry have identified a trade-off between the desire to learn and the desire to prevent an opponent from learning private information. This paper reports a laboratory experiment that investigates if actual bidders account for this trade-off, using a...