Einy, E.; Haimanko, O.; Orzach, R.; Sela, A. - Center for Operations Research and Econometrics (CORE), … - 2001
We study a class of common-value second-price auctions with differential information. This class of common …-value auctions is characterized by the property that each player's information set is connected with respect to the common value. We … of sophisticated equilibria. Additionally, it is shown that bidder's information advantage over others is rewarded in …