Chuia, Mun; Porter, David; Rassenti, Stephen; Smith, Vernon - Economic Science Institute (ESI), Argyros School of … - 2011
We study the effect of the drop out and reenter information in an environment where bidders' values involve both private and common value components. We find that (1) providing bidding information does not have a significant effect on expected revenue and expected efficiency. (2) The effect of...