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Competitive bidding and proprietary information

Citations

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Cited by:

  1. Schweinzer, Paul, 2006. "Sequential bargaining with pure common values," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 137, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  2. Deltas, George & Engelbrecht-Wiggans, Richard, 2001. "Auctions with an inexpert bidder," Economics Letters, Elsevier, vol. 73(1), pages 35-42, October.
  3. NEMOTO Tadanobu & OGURA Yoshiaki & WATANABE Wako, 2011. "An Estimation of the Inside Bank Premium," Discussion papers 11067, Research Institute of Economy, Trade and Industry (RIETI).
  4. Lamy, Laurent, 2012. "The econometrics of auctions with asymmetric anonymous bidders," Journal of Econometrics, Elsevier, vol. 167(1), pages 113-132.
  5. Dirk Bergemann & Benjamin Brooks & Stephen Morris, 2017. "First‐Price Auctions With General Information Structures: Implications for Bidding and Revenue," Econometrica, Econometric Society, vol. 85, pages 107-143, January.
  6. 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.
  7. Lamy, Laurent, 2009. "The Shill Bidding Effect versus the Linkage Principle," Journal of Economic Theory, Elsevier, vol. 144(1), pages 390-413, January.
  8. Bernard Lebrun, 2008. "First-Price, Second-Price, and English Auctions with Resale," Working Papers 2008_06, York University, Department of Economics.
  9. Arup Daripa, 2005. "How (Not) to Sell Money," Birkbeck Working Papers in Economics and Finance 0520, Birkbeck, Department of Economics, Mathematics & Statistics.
  10. Baldenius, Tim & Deng, Mingcherng & Li, Jing, 2024. "Accounting information and risk shifting with asymmetrically informed creditors," Journal of Accounting and Economics, Elsevier, vol. 77(2).
  11. Kim, Jinwoo, 2008. "The value of an informed bidder in common value auctions," Journal of Economic Theory, Elsevier, vol. 143(1), pages 585-595, November.
  12. Josheski Dushko & Karamazova Elena, 2021. "Auction theory and a note on game mechanisms," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 7(1), pages 43-59, May.
  13. Hong, Han & Shum, Matthew, 2003. "Econometric models of asymmetric ascending auctions," Journal of Econometrics, Elsevier, vol. 112(2), pages 327-358, February.
  14. CALCAGNO, Riccardo & LOVO, Stefano M., 1998. "Bid-ask price competition with asymmetric information between market makers," LIDAM Discussion Papers CORE 1998016, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  15. Marc S. Robinson, 1982. "Oil Lease Auctions: Reconciling Economic Theory with Practice," UCLA Economics Working Papers 271, UCLA Department of Economics.
  16. Biais, Bruno & Glosten, Larry & Spatt, Chester, 2005. "Market microstructure: A survey of microfoundations, empirical results, and policy implications," Journal of Financial Markets, Elsevier, vol. 8(2), pages 217-264, May.
  17. Suzanne Bijkerk & Casper de Vries, 2019. "Asset-Based Lending," Tinbergen Institute Discussion Papers 19-032/VII, Tinbergen Institute.
  18. Glenn W. Harrison & John A. List, 2008. "Naturally Occurring Markets and Exogenous Laboratory Experiments: A Case Study of the Winner's Curse," Economic Journal, Royal Economic Society, vol. 118(528), pages 822-843, April.
  19. Subir Bose & George Deltas, 2002. "Exclusive Dealing through Resellers in Auctions with Stochastic Bidder Participation," Southern Economic Journal, John Wiley & Sons, vol. 69(1), pages 109-127, July.
  20. Hernando-Veciana, Angel, 2004. "Successful uninformed bidding," Games and Economic Behavior, Elsevier, vol. 48(1), pages 29-53, July.
  21. Catherine Casamatta & Carole Haritchabalet, 2014. "Dealing with Venture Capitalists: Shopping Around or Exclusive Negotiation," Review of Finance, European Finance Association, vol. 18(5), pages 1743-1773.
  22. Harrison Cheng & Guofu Tan, 2010. "Asymmetric common-value auctions with applications to private-value auctions with resale," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 45(1), pages 253-290, October.
  23. Artashes Karapetyan & Bogdan Stacescu, 2014. "Information Sharing and Information Acquisition in Credit Markets," Review of Finance, European Finance Association, vol. 18(4), pages 1583-1615.
  24. Bernardino Adão & Jorge Barros Luís, 1997. "The treasury bill market in Portugal profit margins of financial institutions," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
  25. Songzi Du, 2018. "Robust Mechanisms Under Common Valuation," Econometrica, Econometric Society, vol. 86(5), pages 1569-1588, September.
  26. Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1655-1696.
  27. Hendricks, Kenneth & Porter, Robert H & Spady, Richard H, 1989. "Random Reservation Prices and Bidding Behavior in OCS Drainage Auctions," Journal of Law and Economics, University of Chicago Press, vol. 32(2), pages 83-106, October.
  28. Kenneth Hendricks, 1990. "Auctions for Oil and Gas Leases with an Informed Bidder and a Random Reservation Price," Discussion Papers 910, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  29. Georges Dionne & Mélissa La Haye & Anne-Sophie Bergerès, 2015. "Does asymmetric information affect the premium in mergers and acquisitions?," Canadian Journal of Economics, Canadian Economics Association, vol. 48(3), pages 819-852, August.
  30. Daripa, Arupratan, 2001. "A theory of treasury auctions," Journal of International Money and Finance, Elsevier, vol. 20(6), pages 743-767, November.
  31. Mitchell Berlin & Alexander W. Butler, 2002. "Collateral and competition," Working Papers 02-22, Federal Reserve Bank of Philadelphia.
  32. Benoit, Jean-Pierre & Dubra, Juan, 2006. "Information revelation in auctions," Games and Economic Behavior, Elsevier, vol. 57(2), pages 181-205, November.
  33. Laurent Lamy & Manasa Patnam & Michael Visser, 2023. "Distinguishing incentive from selection effects in auction-determined contracts," Post-Print hal-04382099, HAL.
  34. Zhou, Nan, 2003. "Bidding between incumbent and entrant," Economics Letters, Elsevier, vol. 80(3), pages 295-303, September.
  35. Rapisarda, Grazia, 2000. "Bank equity stakes in borrowing firms and credit market competition," Discussion Paper Series In Economics And Econometrics 0022, Economics Division, School of Social Sciences, University of Southampton.
  36. He, Zhiguo & Huang, Jing & Zhou, Jidong, 2023. "Open banking: Credit market competition when borrowers own the data," Journal of Financial Economics, Elsevier, vol. 147(2), pages 449-474.
  37. Régis Breton, 2003. "A Smoke Screen Theory of Financial Intermediation," Post-Print halshs-00257188, HAL.
  38. Siegel, Ron, 2014. "Asymmetric all-pay auctions with interdependent valuations," Journal of Economic Theory, Elsevier, vol. 153(C), pages 684-702.
  39. Carnehl, Christoph & Weiergraeber, Stefan, 2023. "Bidder asymmetries in procurement auctions: Efficiency vs. information – Evidence from railway passenger services," International Journal of Industrial Organization, Elsevier, vol. 87(C).
  40. Robert Hauswald & Robert Marquez, 2000. "Relationship Banking and Competition under Differentiated Asymmetric Information," Center for Financial Institutions Working Papers 00-13, Wharton School Center for Financial Institutions, University of Pennsylvania.
  41. Fluck, Zsuzsanna & John, Kose & Ravid, S. Abraham, 2007. "Privatization as an agency problem: Auctions versus private negotiations," Journal of Banking & Finance, Elsevier, vol. 31(9), pages 2730-2750, September.
  42. Jianpei Li & Yi Xue & Weixing Wu, 2013. "Partnership dissolution and proprietary information," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(2), pages 495-527, February.
  43. Committee, Nobel Prize, 2020. "Improvements to auction theory and inventions of new auction formats," Nobel Prize in Economics documents 2020-2, Nobel Prize Committee.
  44. Dubra, Juan, 2006. "A correction to uniqueness in "Competitive Bidding and Proprietary Information"," Journal of Mathematical Economics, Elsevier, vol. 42(1), pages 56-60, February.
  45. Laskowski, Michael C. & Slonim, Robert L., 1999. "An Asymptotic Solution for Sealed Bid Common-Value Auctions with Bidders Having Asymmetric Information," Games and Economic Behavior, Elsevier, vol. 28(2), pages 238-255, August.
  46. Hernando-Veciana, Ángel, 2009. "Information acquisition in auctions: Sealed bids vs. open bids," Games and Economic Behavior, Elsevier, vol. 65(2), pages 372-405, March.
  47. Ogura, Yoshiaki, 2006. "Learning from a rival bank and lending boom," Journal of Financial Intermediation, Elsevier, vol. 15(4), pages 535-555, October.
  48. Vasilis Syrgkanis & David Kempe & Eva Tardos, 2019. "Information Asymmetries in Common-Value Auctions with Discrete Signals," Management Science, INFORMS, vol. 44(4), pages 1450-1476, November.
  49. repec:fth:calaec:17-97 is not listed on IDEAS
  50. Matoso, Rafael & Rezende, Marcelo, 2014. "Asymmetric information in oil and gas lease auctions with a national company," International Journal of Industrial Organization, Elsevier, vol. 33(C), pages 72-82.
  51. Prüfer, J., 2009. "Semi-Public Contests," Other publications TiSEM 085b0a4f-db2c-46dd-b502-b, Tilburg University, School of Economics and Management.
  52. Philip Bond & David K. Musto & Bilge Yilmaz, 2008. "Predatory mortgage lending," Working Papers 08-24, Federal Reserve Bank of Philadelphia.
  53. Gustavo Rodríguez, 1997. "First price auctions: Monotonicity and uniqueness," Economics Working Papers 208, Department of Economics and Business, Universitat Pompeu Fabra.
  54. Wärneryd, Karl, 2013. "Common-value contests with asymmetric information," Economics Letters, Elsevier, vol. 120(3), pages 525-527.
  55. Nemoto, Tadanobu & Ogura, Yoshiaki & Watanabe, Wako, 2016. "Inside bank premiums as liquidity insurance," Journal of the Japanese and International Economies, Elsevier, vol. 42(C), pages 61-76.
  56. John H. Kagel & Colin M. Campbell & Dan Levin, 1999. "The Winner's Curse and Public Information in Common Value Auctions: Reply," American Economic Review, American Economic Association, vol. 89(1), pages 325-334, March.
  57. Malueg, David A. & Orzach, Ram, 2009. "Revenue comparison in common-value auctions: Two examples," Economics Letters, Elsevier, vol. 105(2), pages 177-180, November.
  58. Virag, Gabor, 2007. "Repeated common value auctions with asymmetric bidders," Games and Economic Behavior, Elsevier, vol. 61(1), pages 156-177, October.
  59. Mikoucheva, Anna & Sonin, Konstantin, 2004. "Information revelation and efficiency in auctions," Economics Letters, Elsevier, vol. 83(3), pages 277-284, June.
  60. von Thadden, Ernst-Ludwig, 2004. "Asymmetric information, bank lending and implicit contracts: the winner's curse," Finance Research Letters, Elsevier, vol. 1(1), pages 11-23, March.
  61. Dakshina Garfield De Silva & Marina Gertsberg & Georgia Kosmopoulou & Rachel Pownall, 2017. "Dealer Networks in the World of Art," Working Papers 198144199, Lancaster University Management School, Economics Department.
  62. Geoffrey Black, 2002. "A transaction cost model of contract choice: The case of petroleum exploration," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(3), pages 235-247, August.
  63. Arup Daripa, 2005. "Informational Free Rides in Uniform Price Auctions: Exception or Norm?," Birkbeck Working Papers in Economics and Finance 0521, Birkbeck, Department of Economics, Mathematics & Statistics.
  64. Guzman, Rolando M & Kolstad, Charles D., 1997. "Auction Equilibrium with Costly Information Acquisition," University of California at Santa Barbara, Economics Working Paper Series qt4w0787ng, Department of Economics, UC Santa Barbara.
  65. Rao, Neel, 2015. "General training in labor markets: Common value auctions with unobservable investment," Journal of Economic Behavior & Organization, Elsevier, vol. 120(C), pages 19-45.
  66. 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.
  67. Dirk Bergemann & Benjamin Brooks & Stephen Morris, 2018. "First-Price Auctions with General Information Structures: A Short Introduction," Cowles Foundation Discussion Papers 2132, Cowles Foundation for Research in Economics, Yale University.
  68. Laffont, Jean-Jacques, 1997. "Game theory and empirical economics: The case of auction data 1," European Economic Review, Elsevier, vol. 41(1), pages 1-35, January.
  69. Li, Jin, 2013. "Job mobility, wage dispersion, and technological change: An asymmetric information perspective," European Economic Review, Elsevier, vol. 60(C), pages 105-126.
  70. Winter, Jennifer L., 2010. "Buying Anonymity: An Investigation of Petroleum and Natural Gas Lease Auctions," MPRA Paper 35560, University Library of Munich, Germany, revised Dec 2011.
  71. Johannes Horner & Julian Jamison, 2006. "Private Information in Sequential Common-Value Auctions," Discussion Papers 1422, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  72. Florian Morath & Johannes Münster, 2013. "Information acquisition in conflicts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 54(1), pages 99-129, September.
  73. Larson, Nathan, 2009. "Private value perturbations and informational advantage in common value auctions," Games and Economic Behavior, Elsevier, vol. 65(2), pages 430-460, March.
  74. Kolstad, Charles D., 1997. "A Model of Auction Equilibrium with Costly Information Acquisition," University of California at Santa Barbara, Economics Working Paper Series qt4502p3n4, Department of Economics, UC Santa Barbara.
  75. Temel, Tugrul, 2011. "The formation of offer prices in farmland markets: A hedonic price approach," MPRA Paper 31921, University Library of Munich, Germany.
  76. De Silva, Dakshina G. & Gertsberg, Marina & Kosmopoulou, Georgia & Pownall, Rachel A.J., 2022. "Evolution of a dealer trading network and its effects on art auction prices," European Economic Review, Elsevier, vol. 144(C).
  77. Claude Fluet & Paolo G. Garella, 2007. "Relying on the Information of Others: Debt Rescheduling with Multiple Lenders," Development Working Papers 232, Centro Studi Luca d'Agliano, University of Milano.
  78. Jung-Hyun Ahn, 2010. "Loan Sales and Loan Market Competition," International Review of Finance, International Review of Finance Ltd., vol. 10(Financial), pages 241-262.
  79. LOVO, Stefano M. & CALCAGNO, R., 2001. "Market efficiency and Price Formation when Dealers are Asymmetrically Informed," HEC Research Papers Series 737, HEC Paris.
  80. McAdams, David, 2012. "Strategic ignorance in a second-price auction," Economics Letters, Elsevier, vol. 114(1), pages 83-85.
  81. Rolando Guzman & Charles Kolstad, 2007. "Researching Preferences, Valuation and Hypothetical Bias," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(3), pages 465-487, July.
  82. Campbell, Colin M. & Levin, Dan, 2000. "Can the Seller Benefit from an Insider in Common-Value Auctions?," Journal of Economic Theory, Elsevier, vol. 91(1), pages 106-120, March.
  83. repec:cdl:ucsbec:17-97 is not listed on IDEAS
  84. Jiangtao Fu & Yoshiaki Ogura, 2017. "Product Network Connectivity and Information for Loan Pricing," Working Papers 1703, Waseda University, Faculty of Political Science and Economics.
  85. Silke Finken & Christian Laux, 2009. "Catastrophe Bonds and Reinsurance: The Competitive Effect of Information‐Insensitive Triggers," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(3), pages 579-605, September.
  86. Catherine Casamatta & Carole Haritchabalet, 2014. "Dealing with Venture Capitalists: Shopping Around or Exclusive Negotiation," Review of Finance, European Finance Association, vol. 18(5), pages 1743-1773.
  87. Anderson Caputo Silva, 2003. "Bidding Strategies in Brazilian Treasury Auctions," Brazilian Review of Finance, Brazilian Society of Finance, vol. 1(1), pages 113-161.
  88. Joachim R. Groeger, 2016. "The Informational Content of the Limit Order Book: An Empirical Study of Prediction Markets," Papers 1609.03471, arXiv.org.
  89. Benoit, Jean-Pierre & Dubra, Juan, 2006. "Information revelation in auctions," Games and Economic Behavior, Elsevier, vol. 57(2), pages 181-205, November.
  90. Ogura, Yoshiaki & 小倉, 義明 & オグラ, ヨシアキ, 2006. "Endogenous Relationship Banking to Alleviate Excessive Screening in Transaction Banking," Discussion Paper Series a487, Institute of Economic Research, Hitotsubashi University.
  91. , C. & ,, 2013. "Adverse selection and unraveling in common-value labor markets," Theoretical Economics, Econometric Society, vol. 8(3), September.
  92. Schweinzer, Paul, 2010. "Sequential bargaining with common values," Journal of Mathematical Economics, Elsevier, vol. 46(1), pages 109-121, January.
  93. Virág, Gábor, 2009. "Efficiency and competition in the long run: The survival of the unfit," Games and Economic Behavior, Elsevier, vol. 67(1), pages 315-330, September.
  94. Mares, Vlad & Harstad, Ronald M., 2003. "Private information revelation in common-value auctions," Journal of Economic Theory, Elsevier, vol. 109(2), pages 264-282, April.
  95. Banerjee, Priyodorshi, 2005. "Common value auctions with asymmetric bidder information," Economics Letters, Elsevier, vol. 88(1), pages 47-53, July.
  96. McClellan, Andrew, 2023. "Knowing your opponents: Information disclosure and auction design," Games and Economic Behavior, Elsevier, vol. 140(C), pages 173-180.
  97. Koptyug, Nikita, 2016. "Asymmetric Information in Auctions: Are Resellers Better Appraisers?," Working Paper Series 1110, Research Institute of Industrial Economics.
  98. Black, Lamont K., 2011. "Insider rates versus outsider rates in lending," Finance Research Letters, Elsevier, vol. 8(4), pages 180-187.
  99. Ogura, Yoshiaki, 2010. "Interbank competition and information production: Evidence from the interest rate difference," Journal of Financial Intermediation, Elsevier, vol. 19(2), pages 279-304, April.
  100. Eslyn Jean-Baptiste, 2005. "Information Monopoly and Commitment in Intermediary-Firm Relationships," Journal of Financial Services Research, Springer;Western Finance Association, vol. 27(1), pages 5-26, February.
  101. João Granja, 2013. "The Relation Between Bank Resolutions and Information Environment: Evidence from the Auctions for Failed Banks," Journal of Accounting Research, Wiley Blackwell, vol. 51(5), pages 1031-1070, December.
  102. David Malueg & Ram Orzach, 2012. "Equilibrium and revenue in a family of common-value first-price auctions with differential information," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(2), pages 219-254, May.
  103. Grosskopf, Brit & Rentschler, Lucas & Sarin, Rajiv, 2018. "An experiment on first-price common-value auctions with asymmetric information structures: The blessed winner," Games and Economic Behavior, Elsevier, vol. 109(C), pages 40-64.
  104. Enrico Biffis & David Blake, 2013. "Informed Intermediation of Longevity Exposures," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(3), pages 559-584, September.
  105. Bond, Philip & Musto, David K. & Yilmaz, Bilge, 2009. "Predatory mortgage lending," Journal of Financial Economics, Elsevier, vol. 94(3), pages 412-427, December.
  106. Milgrom, Paul R & Weber, Robert J, 1982. "A Theory of Auctions and Competitive Bidding," Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September.
  107. Alejandro Francetich, 2013. "Becoming the Neighbor Bidder: Endogenous Winner’s Curse in Dynamic Mechanisms," Working Papers 501, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  108. Abraham, Ittai & Athey, Susan & Babaioff, Moshe & Grubb, Michael D., 2020. "Peaches, lemons, and cookies: Designing auction markets with dispersed information," Games and Economic Behavior, Elsevier, vol. 124(C), pages 454-477.
  109. van Bochove, Christiaan & Boerner, Lars & Quint, Daniel, 2012. "Anglo-Dutch premium auctions in eighteenth-century Amsterdam," Discussion Papers 2012/3, Free University Berlin, School of Business & Economics.
  110. Paul Milgrom & Robert Weber, 1981. "Distributional Strategies for Games with Incomplete Information," Discussion Papers 428R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  111. Castro, Luciano I. de, 2007. "Affiliation, equilibrium existence and the revenue ranking of auctions," UC3M Working papers. Economics we074622, Universidad Carlos III de Madrid. Departamento de Economía.
  112. Daniel Quint, 2010. "Looking smart versus playing dumb in common-value auctions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(3), pages 469-490, September.
  113. Hoidal Bjonnes, Geir, 2001. "Winner's Curse in Discriminatory Price Auctions: Evidence from the Norwegian Treasury Bill Auctions," SIFR Research Report Series 3, Institute for Financial Research.
  114. Alejandro Francetich, 2015. "Becoming the Neighbor Bidder: Endogenous Winner's Curse in Dynamic Mechanisms," American Economic Journal: Microeconomics, American Economic Association, vol. 7(2), pages 45-76, May.
  115. Groves, Theodore & Yongmiao Hong & John McMillan & Barry Naughton, 1995. "China's Evolving Managerial Labor Market," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 873-892, August.
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