G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16832
DP16832 Information Choice in Auctions
Nina Bobkova
发表日期2021-12-24
出版年2021
语种英语
摘要The choice of an auction mechanism influences which object characteristics bidders learn about and whether the object is allocated efficiently. Some object characteristics are valued equally by all bidders and thus are inconsequential for the efficient allocation. Others matter only to certain bidders, and thus determine the bidder with the highest object value. I show that the efficient auction is the second-price auction: it induces bidders to learn exclusively about object characteristics which matter only to them. An independent private value framework arises endogenously.
主题Industrial Organization ; Organizational Economics
关键词Information choice Endogeneous interdependence Multidimensional auctions Interdependent values Accuracy
URLhttps://cepr.org/publications/dp16832
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545757
推荐引用方式
GB/T 7714
Nina Bobkova. DP16832 Information Choice in Auctions. 2021.
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