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• W3209600554 abstract "We study how to orchestrate information acquisition in an environment where bidders endowed with original estimates (“types”) about their private values can acquire further information by incurring a cost. We consider both single-round and fully sequential short-listing rules. The optimal single-round shortlisting rule admits the set of most efficient bidders that maximizes expected virtual surplus adjusted by the second-stage signal and information acquisition cost. When shortlisting is fully sequential, at each round, the most efficient remaining bidder is admitted provided that her conditional expected contribution to the virtual surplus is positive. (JEL D44, D82, D83)" @default.
• W3209600554 created "2021-11-08" @default.
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• W3209600554 date "2021-11-01" @default.
• W3209600554 modified "2023-10-13" @default.
• W3209600554 title "Orchestrating Information Acquisition" @default.
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• W3209600554 doi "https://doi.org/10.1257/mic.20190114" @default.
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