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- W3124434700 abstract "We study a situation in which an auctioneer wishes to sell an object toone of N risk-neutral bidders with heterogeneous preferences. Theauctioneer does not know bidders preferences but has private informationabout the characteristics of the ob ject, and must decide how muchinformation to reveal prior to the auction. We show that the auctioneerhas incentives to release less information than would be efficient andthat the amount of information released increases with the level ofcompetition (as measured by the number of bidders). Furthermore, in aperfectly competitive market the auctioneer would provide the efficientlevel of information." @default.
- W3124434700 created "2021-02-01" @default.
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- W3124434700 date "2004-01-01" @default.
- W3124434700 modified "2023-10-05" @default.
- W3124434700 title "Ignorance Promotes Competition: An Auction Model with Endogenous Private Valuations" @default.
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- W3124434700 doi "https://doi.org/10.2307/1593709" @default.
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