The Strategic Use of Seller Information in Private-Value Auctions
نویسندگان
چکیده
منابع مشابه
The Strategic Use of Seller Information in Private-Value Auctions
In the framework of a first-price private-value auction, we study the seller as a player in a game with the buyers in which he has private information about their realized valuations. We find that depending upon his information, set of signals, and commitment power he may strategically transmit messages to buyers in order to increase his revenue. In an environment where the seller knows the ran...
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When a seller has information that could help bidders to estimate asset value, a dictum of auction theory has been that all such information should be publicly announced to bidders. The possibility of privately revealing this information to one or more bidders is introduced. Seller in some circumstances may attain higher expected revenue through revealing his information privately. Examples sho...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.235269