Collusion and information revelation in auctions

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Information revelation in auctions

Auction theory has emphasized the importance of private information to the profits of bidders. However, the theory has failed to consider the question of whether or not bidders will be able to keep their information private. We show that in a variety of contexts bidders will reveal all their information, even if this information revelation is (ex ante) detrimental to them. Similarly, a seller m...

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ژورنال

عنوان ژورنال: European Economic Review

سال: 2017

ISSN: 0014-2921

DOI: 10.1016/j.euroecorev.2017.03.012