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Common-value auctions with asymmetrically informed bidders and reserve price

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  • Xinyan Shi

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  • Xinyan Shi, 2013. "Common-value auctions with asymmetrically informed bidders and reserve price," International Journal of Economic Theory, The International Society for Economic Theory, vol. 9(2), pages 161-175, June.
    • Handle: RePEc:bla:ijethy:v:9:y:2013:i:2:p:161-175
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    References listed on IDEAS

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    1. 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 1415-1444, November.
    2. Ashenfelter, Orley, 1989. "How Auctions Work for Wine and Art," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 23-36, Summer.
    3. Bernard Elyakime & Jean-Jacques Laffont & Patrice Loisel & Quang Vuong, 1994. "First-Price Sealed-Bid Auctions with Secret Reservation Prices," Annals of Economics and Statistics, GENES, issue 34, pages 71-114.
    4. Donald B. Hausch, 1987. "An Asymmetric Common-Value Auction Model," RAND Journal of Economics, The RAND Corporation, vol. 18(4), pages 611-621, Winter.
    5. Arieh Gavious & Benny Moldovanu & Aner Sela, 2002. "Bid Costs and Endogenous Bid Caps," RAND Journal of Economics, The RAND Corporation, vol. 33(4), pages 709-722, Winter.
    6. Yeon-Koo Che & Ian L. Gale, 2008. "Caps on Political Lobbying," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 337-345, Springer.
    7. repec:ebl:ecbull:v:3:y:2002:i:7:p:1-7 is not listed on IDEAS
    8. Robert B. Wilson, 1967. "Competitive Bidding with Asymmetric Information," Management Science, INFORMS, vol. 13(11), pages 816-820, July.
    9. 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 865-883, December.
    10. Bin R. Chen & Y. Stephen Chiu, 2011. "Competitive bidding with a bid floor," International Journal of Economic Theory, The International Society for Economic Theory, vol. 7(4), pages 351-371, December.
    11. 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.
    12. Horstmann, Ignatius J & LaCasse, Chantale, 1997. "Secret Reserve Prices in a Bidding Model with a Resale Option," American Economic Review, American Economic Association, vol. 87(4), pages 663-684, September.
    13. McAfee, R. Preston & Vincent, Daniel, 1997. "Sequentially Optimal Auctions," Games and Economic Behavior, Elsevier, vol. 18(2), pages 246-276, February.
    14. Richard Engelbrecht-Wiggans, 1987. "On Optimal Reservation Prices in Auctions," Management Science, INFORMS, vol. 33(6), pages 763-770, June.
    15. Levin, Dan & Smith, James L, 1996. "Optimal Reservation Prices in Auctions," Economic Journal, Royal Economic Society, vol. 106(438), pages 1271-1283, September.
    16. Archishman Chakraborty, 2002. "Optimal Price Ceilings in a Common Value Auction," Economics Bulletin, AccessEcon, vol. 3(7), pages 1-7.
    17. Vincent Daniel R., 1995. "Bidding Off the Wall: Why Reserve Prices May Be Kept Secret," Journal of Economic Theory, Elsevier, vol. 65(2), pages 575-584, April.
    18. Wang, Ruqu, 1993. "Strategic Behavior in Dynamic Auctions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(3), pages 501-516, July.
    19. Piccione, Michele & Tan, Guofu, 1996. "A Simple Model of Expert and Non-Expert Bidding in First-Price Auctions," Journal of Economic Theory, Elsevier, vol. 70(2), pages 501-515, August.
    20. Roger B. Myerson, 1981. "Optimal Auction Design," Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
    21. repec:adr:anecst:y:1994:i:34:p:04 is not listed on IDEAS
    22. Hendricks, Kenneth & Porter, Robert H & Tan, Guofo, 1993. "Optimal Selling Strategies for Oil and Gas Leases with an Informed Buyer," American Economic Review, American Economic Association, vol. 83(2), pages 234-239, May.
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