Title of article
Common value auctions with asymmetric bidder information
Author/Authors
Priyodorshi Banerjee، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
7
From page
47
To page
53
Abstract
We study a first price auction with two asymmetric bidders. A unique generically asymmetric equilibrium exists under some conditions. Aggressive bidding is not necessarily associated with inferiority of information. Reduction in asymmetry can have an ambiguous effect on revenue.
Keywords
Common value auctions , Asymmetric bidders
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435699
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