Title of article :
Using bidder asymmetry to increase seller revenue
Author/Authors :
Paul Povel، نويسنده , , Rajdeep Singh، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2004
Abstract :
We construct the optimal selling mechanism in a pure common value environment with two bidders that are not equally well informed. With an optimal mechanism, the seller benefits from bidder asymmetry: her expected revenue increases if the bidder asymmetry increases
Keywords :
Auctions , Common value , Asymmetric bidders
Journal title :
Economics Letters
Journal title :
Economics Letters