Countering the Winner's Curse: Optimal Auction Design in a Common Value Model
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- Bergemann, Dirk & Brooks, Benjamin & Morris, Stephen, 2020. "Countering the winner's curse: optimal auction design in a common value model," Theoretical Economics, Econometric Society, vol. 15(4), November.
- Dirk Bergemann & Benjamin Brooks & Stephen Morris, 2018. "Countering the Winner's Curse: Optimal Auction Design in a Common Value Model," Cowles Foundation Discussion Papers 2147R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2019.
- Bergemann, Dirk & Brooks, Benjamin A & Morris, Stephen, 2018. "Countering the Winner's Curse: Optimal Auction Design in a Common Value Model," CEPR Discussion Papers 13332, C.E.P.R. Discussion Papers.
References listed on IDEAS
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Citations
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Cited by:
- Bikhchandani, Sushil & Mishra, Debasis, 2022.
"Selling two identical objects,"
Journal of Economic Theory, Elsevier, vol. 200(C).
- Sushil Bikhchandani & Debasis Mishra, 2020. "Selling Two Identical Objects," Discussion Papers 20-07, Indian Statistical Institute, Delhi.
- Sushil Bikhchandani & Debasis Mishra, 2020. "Selling Two Identical Objects," Papers 2009.11545, arXiv.org, revised Aug 2021.
- Yiling Chen & Alon Eden & Juntao Wang, 2021. "Cursed yet Satisfied Agents," Papers 2104.00835, arXiv.org, revised Nov 2021.
- David Cerezo S'anchez, 2021. "JUBILEE: Secure Debt Relief and Forgiveness," Papers 2109.07267, arXiv.org.
- Benjamin Brooks & Songzi Du, 2024. "On the Structure of Informationally Robust Optimal Mechanisms," Econometrica, Econometric Society, vol. 92(5), pages 1391-1438, September.
- Saurav Goyal & Aroon Narayanan, 2021. "Ex-post implementation with interdependent values," Papers 2108.09580, arXiv.org.
- Lamy, Laurent & Patnam, Manasa & Visser, Michael, 2023.
"Distinguishing incentive from selection effects in auction-determined contracts,"
Journal of Econometrics, Elsevier, vol. 235(2), pages 1172-1202.
- Laurent LAMY & Manasa PATNAM & Michael VISSER, 2019. "Distinguishing Incentive from Selection Effects in Auction-Determined Contracts," Working Papers 2019-15, Center for Research in Economics and Statistics.
- Laurent Lamy & Manasa Patnam & Michael Visser, 2023. "Distinguishing Incentive from Selection Effects in Auction-Determined Contracts," Post-Print hal-03924664, HAL.
- Elmar G. Wolfstetter, 2021. "Universal High-Speed Broadband Provision: An Alternative Policy Approach," CESifo Working Paper Series 9014, CESifo.
- Laurent Lamy & Manasa Patnam & Michael Visser, 2023. "Distinguishing incentive from selection effects in auction-determined contracts," Post-Print hal-04382099, HAL.
- Wolfstetter, Elmar G., 2022. "Universal high-speed broadband provision: A simple auction approach," Information Economics and Policy, Elsevier, vol. 60(C).
- Goyal, Saurav & Narayanan, Aroon, 2023. "Ex-post implementation with interdependent values," Games and Economic Behavior, Elsevier, vol. 142(C), pages 440-453.
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More about this item
Keywords
Optimal auction; Common values; Maximum game; Posted price; Revenue equivalence; Adverse selection; Neutral selection; Advantageous selection;All these keywords.
JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DES-2018-11-26 (Economic Design)
- NEP-EXP-2018-11-26 (Experimental Economics)
- NEP-GTH-2018-11-26 (Game Theory)
- NEP-MIC-2018-11-26 (Microeconomics)
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