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Efficiency and Information Aggregation in Auctions
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Cited by:
- Terrence August & Hyoduk Shin & Tunay I. Tunca, 2013. "Licensing and Competition for Services in Open Source Software," Information Systems Research, INFORMS, vol. 24(4), pages 1068-1086, December.
- Hernando-Veciana, Ángel & Tröge, Michael, 2011.
"The insider's curse,"
Games and Economic Behavior, Elsevier, vol. 71(2), pages 339-350, March.
- Angel Hernando-Veciana & Michael Tröge, 2005. "The Insider's Curse," Microeconomics 0503012, University Library of Munich, Germany.
- Ángel Hernando Veciana & Michael Tröge, 2005. "The Insider'S Curse," Working Papers. Serie AD 2005-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Galit Ashkenazi-Golan & Yevgeny Tsodikovich & Yannick Viossat, 2023.
"I want to tell you? Maximizing revenue in first-price two-stage auctions,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(4), pages 1329-1362, November.
- Galit Ashkenazi-Golan & Yevgeny Tsodikovich & Yannick Viossat, 2020. "I Want to Tell You? Maximizing Revenue in First-Price Two-Stage Auctions," AMSE Working Papers 2044, Aix-Marseille School of Economics, France.
- Galit Ashkenazi-Golan & Yevgeny Tsodikovich & Yannick Viossat, 2023. "I want to tell you? Maximizing revenue in first-price two-stage auctions," Post-Print hal-04099021, HAL.
- Galit Ashkenazi-Golan & Yevgeny Tsodikovich & Yannick Viossat, 2021. "I Want to Tell You? Maximizing Revenue in First-Price Two-Stage Auctions," Papers 2104.09942, arXiv.org.
- Galit Ashkenazi-Golan & Yevgeny Tsodikovich & Yannick Viossat, 2020. "I Want to Tell You? Maximizing Revenue in First-Price Two-Stage Auctions," Working Papers halshs-03078811, HAL.
- Mezzetti, Claudio & Tsetlin, Ilia, 2008.
"On the lowest-winning-bid and the highest-losing-bid auctions,"
Journal of Mathematical Economics, Elsevier, vol. 44(9-10), pages 1040-1048, September.
- Claudio Mezzetti & Ilia Tsetlin, 2006. "On the Lowest-Winning-Bid and the Highest-Losing-Bid Auctions," Discussion Papers in Economics 06/16, Division of Economics, School of Business, University of Leicester.
- Mezzetti, Claudio & Tsetlin, Ilia, 2007. "On the Lowest-Winning-Bid and the Highest-Losing-Bid Auctions," Economic Research Papers 269781, University of Warwick - Department of Economics.
- Mezzetti, Claudio & Tsetlin, Ilia, 2007. "On the Lowest-Winning-Bid and the Highest-Losing-Bid Auctions," The Warwick Economics Research Paper Series (TWERPS) 832, University of Warwick, Department of Economics.
- García, Diego & Urošević, Branko, 2013. "Noise and aggregation of information in large markets," Journal of Financial Markets, Elsevier, vol. 16(3), pages 526-549.
- Tristan Gagnon-Bartsch & Marco Pagnozzi & Antonio Rosato, 2021.
"Projection of Private Values in Auctions,"
American Economic Review, American Economic Association, vol. 111(10), pages 3256-3298, October.
- Tristan Gagnon-Bartsch & Marco Pagnozzi & Antonio Rosato, 2020. "Projection of Private Values in Auctions," CSEF Working Papers 571, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Justin Jia & Ronald M. Harstad & Michael H. Rothkopf, 2010.
"Information Variability Impacts in Auctions,"
Decision Analysis, INFORMS, vol. 7(1), pages 137-142, March.
- Ronald M. Harstad & Michael H. Rothkopf & Justin Jia, 2009. "Information Variability Impacts in Auctions," Working Papers 0908, Department of Economics, University of Missouri.
- Olivier Compte & Philippe Jehiel, 2002.
"On the Value of Competition in Procurement Auctions,"
Econometrica, Econometric Society, vol. 70(1), pages 343-355, January.
- Compte, Olivier, 2000. "On the Value of Competition in Procurement Auctions," Econometric Society World Congress 2000 Contributed Papers 0829, Econometric Society.
- Jacob K. Goeree & Theo Offerman, 2003.
"Competitive Bidding in Auctions with Private and Common Values,"
Economic Journal, Royal Economic Society, vol. 113(489), pages 598-613, July.
- Jacob K. Goeree & Theo Offerman, 1999. "Competitive Bidding in Auctions with Private and Common Values," Virginia Economics Online Papers 337, University of Virginia, Department of Economics.
- Jacob K. Goeree & Theo Offerman, 2000. "Competitive Bidding in Auctions with Private and Common Values," Tinbergen Institute Discussion Papers 00-044/1, Tinbergen Institute.
- Richard Engelbrecht‐Wiggans & Charles M. Kahn, 2002. "Multiunit Auctions in Which Almost Every Bid Wins," Southern Economic Journal, John Wiley & Sons, vol. 68(3), pages 617-631, January.
- Terrence August & Hyoduk Shin & Tunay I. Tunca, 2018. "Generating Value Through Open Source: Software Service Market Regulation and Licensing Policy," Information Systems Research, INFORMS, vol. 29(1), pages 186-205, March.
- Hashimoto, Tadashi, 2018. "The generalized random priority mechanism with budgets," Journal of Economic Theory, Elsevier, vol. 177(C), pages 708-733.
- Dipjyoti Majumdar & Artyom Shneyerov & Huan Xie, 2016. "An optimistic search equilibrium," Review of Economic Design, Springer;Society for Economic Design, vol. 20(2), pages 89-114, June.
- Michael Peters & Sergei Severinov, 2008.
"An ascending double auction,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(2), pages 281-306, November.
- Peters, Michael & Severinov, Sergei, 2003. "An Ascending Double Auction," Microeconomics.ca working papers peters-03-12-16-01-57-39, Vancouver School of Economics, revised 26 Feb 2005.
- Terrence August & Wei Chen & Kevin Zhu, 2021. "Competition Among Proprietary and Open-Source Software Firms: The Role of Licensing in Strategic Contribution," Management Science, INFORMS, vol. 67(5), pages 3041-3066, May.
- Han Hong & Harry J. Paarsch & Pai Xu, 2013.
"On the asymptotic distribution of the transaction price in a clock model of a multi-unit, oral, ascending-price auction within the common-value paradigm,"
RAND Journal of Economics, RAND Corporation, vol. 44(4), pages 664-685, December.
- Han Hong & Harry J. Paarsch & Pai Xu, 2010. "On the Asymptotic Distribution of the Transaction Price in a Clock Model of a Multi-Unit, Oral, Ascending-Price Auction within the Common-Value Paradigm," Carlo Alberto Notebooks 186, Collegio Carlo Alberto.
- Hong, Han & Paarsch, Harry J. & Xu, Pai, 2010. "On the Asymptotic Distribution of the Transaction Price in a Clock Model of a Multi-Unit, Oral, Ascending-Price Auction within the Common-Value Paradigm," CEI Working Paper Series 2010-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Beaudry, Paul & Gonzalez, Francisco M., 2003. "An equilibrium analysis of information aggregation and fluctuations in markets with discrete decisions," Journal of Economic Theory, Elsevier, vol. 113(1), pages 76-103, November.
- Braz Camargo & Kyungmin Kim & Benjamin Lester, 2016.
"Information Spillovers, Gains from Trade, and Interventions in Frozen Markets,"
The Review of Financial Studies, Society for Financial Studies, vol. 29(5), pages 1291-1329.
- Braz Camargo & Kyungmin (Teddy) Kim & Benjamin Lester, 2016. "Information Spillovers, Gains From Trade, And Interventions In Frozen Markets," Working Papers 16-28, Federal Reserve Bank of Philadelphia.
- Jehiel, Philippe & Moldovanu, Benny, 2005.
"Allocative and Informational Externalities in Auctions and Related Mechanisms,"
Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems
142, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Jehiel, Philippe & moldovanu, benny, 2006. "Allocative and Informational Externalities in Auctions and Related Mechanisms," CEPR Discussion Papers 5558, C.E.P.R. Discussion Papers.
- Philippe Jehiel & Benny Moldovanu, 2006. "Allocative and Informational Externalities in Auctions and Related Mechanisms," Levine's Bibliography 122247000000001129, UCLA Department of Economics.
- Philippe Jehiel & Benny Moldovanu, 2005. "Allocative and Informational Externalities in Auctions and Related Mechanisms," Levine's Bibliography 784828000000000490, UCLA Department of Economics.
- Seres, Gyula, 2017. "Auction cartels and the absence of efficient communication," International Journal of Industrial Organization, Elsevier, vol. 52(C), pages 282-306.
- Lange, Andreas & List, John A. & Price, Michael K., 2011.
"Auctions with resale when private values are uncertain: Evidence from the lab and field,"
International Journal of Industrial Organization, Elsevier, vol. 29(1), pages 54-64, January.
- Andreas Lange & John A. List & Michael K. Price, 2010. "Auctions with Resale When Private Values Are Uncertain: Evidence from the Lab and Field," NBER Working Papers 16360, National Bureau of Economic Research, Inc.
- Andreas Lange & John List & Michael Price, 2010. "Auctions with Resale When Private Values Are Uncertain: Evidence from the Lab and Field," Artefactual Field Experiments 00474, The Field Experiments Website.
- Theo Offerman & Giorgia Romagnoli & Andreas Ziegler, 2022.
"Why are open ascending auctions popular? The role of information aggregation and behavioral biases,"
Quantitative Economics, Econometric Society, vol. 13(2), pages 787-823, May.
- Theo Offerman & Giorgia Romagnoli & Andreas Ziegler, 2020. "Why are open ascending auctions popular? The role of information aggregation and behavioral biases," Tinbergen Institute Discussion Papers 20-071/I, Tinbergen Institute.
- Dirk Bergemann & Xianwen Shi & Juuso Valimaki, 2009.
"Information Acquisition in Interdependent Value Actions,"
Journal of the European Economic Association, MIT Press, vol. 7(1), pages 61-89, March.
- Bergemann, Dirk & Shi, Xianwen & Valimaki, Juuso, 2007. "Information Acquisition in Interdependent Value Auctions," Working Papers 25, Yale University, Department of Economics.
- Dirk Bergemann & Xianwen Shi & Juuso Valimaki, 2008. "Information Acquisition in Interdependent Value Auctions," Working Papers tecipa-307, University of Toronto, Department of Economics.
- Dirk Bergemann & Juuso Välimäki & Xianwen Shi, 2007. "Information Acquisition in Interdependent Value Auctions," Levine's Bibliography 843644000000000320, UCLA Department of Economics.
- Dirk Bergemann & Xianwen Shi & Juuso Valimaki, 2007. "Information Acquisition in Interdependent Value Auctions," Cowles Foundation Discussion Papers 1619, Cowles Foundation for Research in Economics, Yale University.
- Richard McLean & Andrew Postlewaite, 2004.
"Informational Size and Efficient Auctions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(3), pages 809-827.
- Richard McLean & Andrew Postlewaite, 2002. "Informational Size and Efficient Auctions," PIER Working Paper Archive 03-011, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 13 Apr 2003.
- Matthew Jackson, 2009.
"Non-existence of equilibrium in Vickrey, second-price, and English auctions,"
Review of Economic Design, Springer;Society for Economic Design, vol. 13(1), pages 137-145, April.
- Jackson, Matthew O., 2005. "Non-Existence of Equilibrium in Vickrey, Second-Price, and English Auctions," Working Papers 1241, California Institute of Technology, Division of the Humanities and Social Sciences.
- Joachim R. Groeger, 2016. "The Informational Content of the Limit Order Book: An Empirical Study of Prediction Markets," Papers 1609.03471, arXiv.org.
- Lou, Youcheng & Rahi, Rohit, 2023. "Information, market power and welfare," LSE Research Online Documents on Economics 120479, London School of Economics and Political Science, LSE Library.
- Theo Offerman, 2002.
"Efficiency in Auctions with Private and Common Values: An Experimental Study,"
American Economic Review, American Economic Association, vol. 92(3), pages 625-643, June.
- Jacob K. Goeree & Theo Offerman, 2000. "Efficiency in Auctions with Private and Common Values: An Experimental Study," Tinbergen Institute Discussion Papers 00-045/1, Tinbergen Institute.
- Jacob K. Goeree & Theo Offerman, 2000. "Efficiency in Auctions with Private and Common Values: An Experimental Study," Virginia Economics Online Papers 347, University of Virginia, Department of Economics.
- Chen, Yan & Jiang, Ming & Kesten, Onur & Robin, Stéphane & Zhu, Min, 2018.
"Matching in the large: An experimental study,"
Games and Economic Behavior, Elsevier, vol. 110(C), pages 295-317.
- Yan Chen & Ming Jiang & Onur Kesten & Stéphane Robin & Min Zhu, 2017. "Matching in the Large: An Experimental Study," Working Papers 1702, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Yan Chen & Ming Jiang & Onur Kesten & Stéphane Robin & Min Zhu, 2017. "Matching in the Large: An Experimental Study," Working Papers halshs-01432941, HAL.
- Yan Chen & Min Jiang & Onur Kesten & Stéphane Robin & Min Zhu, 2018. "Matching in the large: An experimental study," Post-Print hal-01823548, HAL.
- Alp E. Atakan & Mehmet Ekmekci, 2021.
"Market Selection and the Information Content of Prices,"
Econometrica, Econometric Society, vol. 89(5), pages 2049-2079, September.
- Atakan, Alp Enver & Ekmekci, Mehmet, 2016. "Market Selection and the Information Content of Prices," MPRA Paper 75632, University Library of Munich, Germany.
- Mun Chuia & David Porter & Stephen Rassenti & Vernon Smith, 2011. "The Effect of Bidding Information in Ascending Auctions," Working Papers 11-13, Chapman University, Economic Science Institute.
- McAdams, David, 2002. "Bidding Lower with Higher Values in Multi-Object Auction," Working papers 4249-02, Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Terrence August & Marius Florin Niculescu & Hyoduk Shin, 2014. "Cloud Implications on Software Network Structure and Security Risks," Information Systems Research, INFORMS, vol. 25(3), pages 489-510, September.
- Jeroen M. Swinkels & Wolfgang Pesendorfer, 2000.
"Efficiency and Information Aggregation in Auctions,"
American Economic Review, American Economic Association, vol. 90(3), pages 499-525, June.
- Wolfgang Pesendorfer & Jeroen M. Swinkels, 1996. "Efficiency and Information Aggregation in Auctions," Discussion Papers 1168, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Andrew Healy, 2009. "How effectively do people learn from a variety of different opinions?," Experimental Economics, Springer;Economic Science Association, vol. 12(4), pages 386-416, December.
- Sung-Jin Cho & Harry J. Paarsch & John Rust, 2014.
"Is the ‘Linkage Principle’ Valid? Evidence from the Field,"
Journal of Industrial Economics, Wiley Blackwell, vol. 62(2), pages 346-375, June.
- Cho, Sung-Jin & Paarsch, Harry J. & Rust, John, 2010. "Is the ’Linkage Principle’ Valid?: Evidence from the Field," CEI Working Paper Series 2010-4, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Terrence August & Tunay I. Tunca, 2011. "Who Should Be Responsible for Software Security? A Comparative Analysis of Liability Policies in Network Environments," Management Science, INFORMS, vol. 57(5), pages 934-959, May.
- Heumann, Tibor, 2019. "An ascending auction with multi-dimensional signals," Journal of Economic Theory, Elsevier, vol. 184(C).
- Fuhito Kojima & Parag A. Pathak, 2009. "Incentives and Stability in Large Two-Sided Matching Markets," American Economic Review, American Economic Association, vol. 99(3), pages 608-627, June.
- In-Koo Cho, 2004. "Monotonicity and Rationalizability in Large Uniform Price and Double Auctions," Theory workshop papers 658612000000000076, UCLA Department of Economics.
- Alison Watts, 2024. "Auctioning off a Non-Rivalrous Good with Interference," Games, MDPI, vol. 15(4), pages 1-11, July.
- Tan, Xu, 2016. "Information revelation in auctions with common and private values," Games and Economic Behavior, Elsevier, vol. 97(C), pages 147-165.
- Terrence August & Duy Dao & Kihoon Kim, 2019. "Market Segmentation and Software Security: Pricing Patching Rights," Management Science, INFORMS, vol. 65(10), pages 4575-4597, October.
- Simon Stevenson & James Young, 2015. "The probability of sale and price premiums in withdrawn auctioned properties," Urban Studies, Urban Studies Journal Limited, vol. 52(2), pages 279-297, February.
- Tunca, Tunay I., 2008. "Information precision and asymptotic efficiency of industrial markets," Journal of Mathematical Economics, Elsevier, vol. 44(9-10), pages 964-996, September.
- Muendler, Marc-Andreas, 2007. "The possibility of informationally efficient markets," Journal of Economic Theory, Elsevier, vol. 133(1), pages 467-483, March.
- Xavier Vives, 2000.
"Allocative and Productive Efficiency in REE with Asymetric Information,"
UFAE and IAE Working Papers
473.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Vives, Xavier & Messner, Simon, 2001. "Allocative and Productive Efficiency in REE with Asymmetric Information," CEPR Discussion Papers 2678, C.E.P.R. Discussion Papers.
- Stephen Morris & Hyun Song Shin, 2006. "Endogenous Public Signals and Coordination," Levine's Bibliography 122247000000001309, UCLA Department of Economics.
- Curtis R. Taylor & Thomas D. Jeitschko, 2001. "Local Discouragement and Global Collapse: A Theory of Coordination Avalanches," American Economic Review, American Economic Association, vol. 91(1), pages 208-224, March.
- Lou, Youcheng & Rahi, Rohit, 2023. "Information, market power and welfare," Journal of Economic Theory, Elsevier, vol. 214(C).