Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122868672> ?p ?o ?g. }
Showing items 1 to 72 of
72
with 100 items per page.
- W3122868672 abstract "We study how the outcomes of a private-value …rst price auction can vary with bidders’ information, for a …xed distribution of private values. In a two bidder, two value, setting, we characterize all combinations of bidder surplus and revenue that can arise, and identify the information structure that minimizes revenue. The extremal information structure that minimizes revenue entails each bidder observing a noisy and correlated signal about the other bidder’s value. In the general environment with many bidders and many values, we characterize the minimum bidder surplus of each bidder and maximum revenue across all information structures. The extremal information structure that simultaneously attains these bounds entails an e¢ cient allocation, bidders knowing whether they will win or lose, losers bidding their true value and winners being induced to bid high by partial information about the highest losing bid. Our analysis uses a linear algebraic characterization of equilibria across all information structures, and we report simulations of properties of the set of all equilibria." @default.
- W3122868672 created "2021-02-01" @default.
- W3122868672 creator A5003919163 @default.
- W3122868672 creator A5018624900 @default.
- W3122868672 creator A5041638293 @default.
- W3122868672 date "2013-01-01" @default.
- W3122868672 modified "2023-09-26" @default.
- W3122868672 title "Extremal Information Structures in the First Price Auction" @default.
- W3122868672 cites W1494498837 @default.
- W3122868672 cites W1666623353 @default.
- W3122868672 cites W1996348331 @default.
- W3122868672 cites W2000548174 @default.
- W3122868672 cites W2005289028 @default.
- W3122868672 cites W2029050771 @default.
- W3122868672 cites W2078485585 @default.
- W3122868672 cites W2092272885 @default.
- W3122868672 cites W2096109831 @default.
- W3122868672 cites W2099695087 @default.
- W3122868672 cites W2127176678 @default.
- W3122868672 cites W2152290367 @default.
- W3122868672 cites W2267661888 @default.
- W3122868672 cites W2465683544 @default.
- W3122868672 cites W3123716992 @default.
- W3122868672 cites W3124042344 @default.
- W3122868672 cites W2105336797 @default.
- W3122868672 doi "https://doi.org/10.2139/ssrn.2354494" @default.
- W3122868672 hasPublicationYear "2013" @default.
- W3122868672 type Work @default.
- W3122868672 sameAs 3122868672 @default.
- W3122868672 citedByCount "2" @default.
- W3122868672 countsByYear W31228686722013 @default.
- W3122868672 crossrefType "journal-article" @default.
- W3122868672 hasAuthorship W3122868672A5003919163 @default.
- W3122868672 hasAuthorship W3122868672A5018624900 @default.
- W3122868672 hasAuthorship W3122868672A5041638293 @default.
- W3122868672 hasBestOaLocation W31228686722 @default.
- W3122868672 hasConcept C11276805 @default.
- W3122868672 hasConcept C143684077 @default.
- W3122868672 hasConcept C144133560 @default.
- W3122868672 hasConcept C144237770 @default.
- W3122868672 hasConcept C162324750 @default.
- W3122868672 hasConcept C163239763 @default.
- W3122868672 hasConcept C175444787 @default.
- W3122868672 hasConcept C33923547 @default.
- W3122868672 hasConcept C41008148 @default.
- W3122868672 hasConceptScore W3122868672C11276805 @default.
- W3122868672 hasConceptScore W3122868672C143684077 @default.
- W3122868672 hasConceptScore W3122868672C144133560 @default.
- W3122868672 hasConceptScore W3122868672C144237770 @default.
- W3122868672 hasConceptScore W3122868672C162324750 @default.
- W3122868672 hasConceptScore W3122868672C163239763 @default.
- W3122868672 hasConceptScore W3122868672C175444787 @default.
- W3122868672 hasConceptScore W3122868672C33923547 @default.
- W3122868672 hasConceptScore W3122868672C41008148 @default.
- W3122868672 hasLocation W31228686721 @default.
- W3122868672 hasLocation W31228686722 @default.
- W3122868672 hasOpenAccess W3122868672 @default.
- W3122868672 hasPrimaryLocation W31228686721 @default.
- W3122868672 hasRelatedWork W1566554431 @default.
- W3122868672 hasRelatedWork W1577124295 @default.
- W3122868672 hasRelatedWork W1586804449 @default.
- W3122868672 hasRelatedWork W2012206378 @default.
- W3122868672 hasRelatedWork W2017572518 @default.
- W3122868672 hasRelatedWork W2125370639 @default.
- W3122868672 hasRelatedWork W2138108189 @default.
- W3122868672 hasRelatedWork W3125612907 @default.
- W3122868672 hasRelatedWork W3125646753 @default.
- W3122868672 hasRelatedWork W3166537001 @default.
- W3122868672 isParatext "false" @default.
- W3122868672 isRetracted "false" @default.
- W3122868672 magId "3122868672" @default.
- W3122868672 workType "article" @default.