Strategic ignorance in a second-price auction

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 114
Issue: 1
Pages: 83-85

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Suppose that bidders may publicly choose not to learn their values prior to a second-price auction with costly bidding. All equilibria with truthful bidding exhibit bidder ignorance when the number of bidders is sufficiently small. Ignorance considerations also affect the optimal reserve price.

Technical Details

RePEc Handle
repec:eee:ecolet:v:114:y:2012:i:1:p:83-85
Journal Field
General
Author Count
1
Added to Database
2026-01-26