The value of information for auctioneers

DOI10.1016/J.JET.2009.04.002zbMATH Open1195.91056OpenAlexW2009612355MaRDI QIDQ840693FDOQ840693

Authors M. Hagedorn 

Publication date 14 September 2009

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2009.04.002

zbMATH Keywords

mechanism designcommon valuesendogenous informationasymmetric information structures

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Information structures in optimal auctions
• Using bidder asymmetry to increase seller revenue
• Private information revelation in common-value auctions
• The value of an informed bidder in common value auctions
• Common value auctions with asymmetric bidder information

Cites work

• scientific article; zbMATH DE number 4035521 (Why is no real title available?)
• Auctions with costly information acquisition
• Comparing location experiments
• Contracts and productive information gathering
• Efficient Design with Interdependent Valuations
• Equilibria in open common value auctions
• Equivalent Comparisons of Experiments
• Full Extraction of the Surplus in Bayesian and Dominant Strategy Auctions
• Game theory
• Ignorance in agency problems
• Information Acquisition and Efficient Mechanism Design
• Information Acquisition in Auctions
• Information Control in the Principal-Agent Problem
• Information structures in optimal auctions
• Microeconomic theory
• Optimal Auction Design
• Optimal Information Disclosure in Auctions and the Handicap Auction
• Optimal Selling Strategies under Uncertainty for a Discriminating Monopolist when Demands are Interdependent
• Optimal search auctions
• Strategic information gathering before a contract is offered

Cited in

(9)

• Ex Post Information in Auctions
• Optimal bidding in auctions of mixed populations of bidders
• Information acquisition and full surplus extraction
• Using bidder asymmetry to increase seller revenue
• The insider's curse
• Information structures in optimal auctions
• Information concentration in common value environments
• Optimal disclosure of costly information packages in auctions
• The value of information concealment

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