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Auction Equilibrium with Costly Information Acquisition

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  • Charles D. Kolstad Rolando M. Guzman

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  • Charles D. Kolstad Rolando M. Guzman, "undated". "Auction Equilibrium with Costly Information Acquisition," University of California at Santa Barbara, Economics Working Paper Series 17-97, Department of Economics, UC Santa Barbara.
    • Handle: RePEc:cdl:ucsbec:17-97
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    1. Hausch, Donald B & Li, Lode, 1993. "A Common Value Auction Model with Endogenous Entry and Information Acquisition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(2), pages 315-334, April.
    2. Grossman, Sanford J & Stiglitz, Joseph E, 1980. "On the Impossibility of Informationally Efficient Markets," American Economic Review, American Economic Association, vol. 70(3), pages 393-408, June.
    3. Schweizer, Urs & von Ungern-Sternberg, Thomas, 1983. "Sealed Bid Auctions and the Search for Better Information," Economica, London School of Economics and Political Science, vol. 50(197), pages 79-85, February.
    4. 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.
    5. Robert B. Wilson, 2021. "Strategic Analysis of Auctions," Econometrica, Econometric Society, vol. 89(2), pages 555-561, March.
    6. 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.
    7. Maskin, Eric S & Riley, Joan G, 1985. "Auction Theory with Private Values," American Economic Review, American Economic Association, vol. 75(2), pages 150-155, May.
    8. Richard Engelbrecht-Wiggans, 1980. "State of the Art---Auctions and Bidding Models: A Survey," Management Science, INFORMS, vol. 26(2), pages 119-142, February.
    9. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
    10. Milgrom, Paul R, 1981. "Rational Expectations, Information Acquisition, and Competitive Bidding," Econometrica, Econometric Society, vol. 49(4), pages 921-943, June.
    11. Lee, Tom K., 1985. "Competition and information acquisition in first price auctions," Economics Letters, Elsevier, vol. 18(2-3), pages 129-132.
    12. Milgrom, Paul R & Weber, Robert J, 1982. "A Theory of Auctions and Competitive Bidding," Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September.
    13. Tom K. Lee, 1984. "Incomplete Information, High-Low Bidding and Public Information in First Price Auctions," Management Science, INFORMS, vol. 30(12), pages 1490-1496, December.
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    Cited by:

    1. Charles D. Kolstad Rolando M. Guzman, "undated". "Information and the Divergence Between Willingness-to-accept and Willingness-to-pay," University of California at Santa Barbara, Economics Working Paper Series 30-98, Department of Economics, UC Santa Barbara.
    2. repec:fth:calaec:30-98 is not listed on IDEAS

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