A correction to uniqueness in "Competitive Bidding and Proprietary Information"
AbstractIn this note I show that there is a mistake in the proof of uniqueness in Engelbrecht-Wiggans, Milgrom and Weberâs seminal âCompetitive Bidding and Proprietary Informationâ and provide a correct proof.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Mathematical Economics.
Volume (Year): 42 (2006)
Issue (Month): 1 (February)
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Web page: http://www.elsevier.com/locate/jmateco
Other versions of this item:
- Juan Dubra, 2004. "A Correction to Uniqueness in 'Competitive Bidding and Proprietary Information'," Game Theory and Information 0409005, EconWPA.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
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- Milgrom, Paul & Weber, Robert J., 1982.
"The value of information in a sealed-bid auction,"
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- Engelbrecht-Wiggans, Richard & Milgrom, Paul R. & Weber, Robert J., 1983. "Competitive bidding and proprietary information," Journal of Mathematical Economics, Elsevier, vol. 11(2), pages 161-169, April.
- Robert B. Wilson, 1967. "Competitive Bidding with Asymmetric Information," Management Science, INFORMS, vol. 13(11), pages 816-820, July.
- Hendricks, Kenneth & Porter, Robert H. & Wilson, Charles A., 1990.
"Auctions For Oil And Gas Leases With An Informed Bidder And A Random Reservation Price,"
90-47, C.V. Starr Center for Applied Economics, New York University.
- Hendricks, Kenneth & Porter, Robert H & Wilson, Charles A, 1994. "Auctions for Oil and Gas Leases with an Informed Bidder and a Random Reservation Price," Econometrica, Econometric Society, vol. 62(6), pages 1415-44, November.
- Hendricks, Kenneth & Porter, Robert H, 1988. "An Empirical Study of an Auction with Asymmetric Information," American Economic Review, American Economic Association, vol. 78(5), pages 865-83, December.
- M. Weverbergh, 1979. "Note--Competitive Bidding with Asymmetric Information Reanalyzed," Management Science, INFORMS, vol. 25(3), pages 291-294, March.
- Paul Milgrom & Ilya Segal, 2002. "Envelope Theorems for Arbitrary Choice Sets," Econometrica, Econometric Society, vol. 70(2), pages 583-601, March.
- Li, Jianpei, 2009. "Partnership Dissolution and Proprietary Information," MPRA Paper 12505, University Library of Munich, Germany.
- Prüfer, J., 2009.
2009-33, Tilburg University, Center for Economic Research.
- Benoit, J-P. & Dubra, J., 2003.
"Information Revelation in Auctions,"
03-02, C.V. Starr Center for Applied Economics, New York University.
- Jianpei Li & Yi Xue & Weixing Wu, 2013. "Partnership dissolution and proprietary information," Social Choice and Welfare, Springer, vol. 40(2), pages 495-527, February.
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