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A correction to uniqueness in "Competitive Bidding and Proprietary Information"

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  • Dubra, Juan

Abstract

In this note I show that there is a mistake in the proof of uniqueness in Engelbrecht-Wiggans, Milgrom and Weber’s seminal “Competitive Bidding and Proprietary Information” and provide a correct proof.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 42 (2006)
Issue (Month): 1 (February)
Pages: 56-60

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Handle: RePEc:eee:mateco:v:42:y:2006:i:1:p:56-60

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Web page: http://www.elsevier.com/locate/jmateco

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References

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  1. Milgrom, Paul & Weber, Robert J., 1982. "The value of information in a sealed-bid auction," Journal of Mathematical Economics, Elsevier, vol. 10(1), pages 105-114, June.
  2. 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.
  3. Robert B. Wilson, 1967. "Competitive Bidding with Asymmetric Information," Management Science, INFORMS, vol. 13(11), pages 816-820, July.
  4. Hendricks, Kenneth & Porter, Robert H. & Wilson, Charles A., 1990. "Auctions For Oil And Gas Leases With An Informed Bidder And A Random Reservation Price," Working Papers 90-47, C.V. Starr Center for Applied Economics, New York University.
  5. 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.
  6. M. Weverbergh, 1979. "Note--Competitive Bidding with Asymmetric Information Reanalyzed," Management Science, INFORMS, vol. 25(3), pages 291-294, March.
  7. Paul Milgrom & Ilya Segal, 2002. "Envelope Theorems for Arbitrary Choice Sets," Econometrica, Econometric Society, vol. 70(2), pages 583-601, March.
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Citations

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Cited by:
  1. Li, Jianpei, 2009. "Partnership Dissolution and Proprietary Information," MPRA Paper 12505, University Library of Munich, Germany.
  2. Prüfer, J., 2009. "Semi-Public Contests," Discussion Paper 2009-33, Tilburg University, Center for Economic Research.
  3. Benoit, J-P. & Dubra, J., 2003. "Information Revelation in Auctions," Working Papers 03-02, C.V. Starr Center for Applied Economics, New York University.
  4. 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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