Beyond Public and Private
نویسندگان
چکیده
منابع مشابه
Second - price common value auctions with uncertainty , private and public information : experimental evidence ∗
We conduct a laboratory experiment of second-price sealed bid auctions of a common value good with two bidders. Bidders face three different types of information: common uncertainty (unknown information), private information (known by one bidder) and public information (known by both bidders), and auctions differ on the relative importance of these three types of information. We find that subje...
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