Private versus complete information in auctions

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 101
Issue: 3
Pages: 214-216

Authors (2)

Morath, Florian (Max-Planck-Gesellschaft) Münster, Johannes (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

We show that, in several (but not all) standard auctions, (i) private independent values and (ii) complete information are payoff equivalent. The first-price auction generates the same revenue under (i) and (ii); the all-pay auction has lower revenue under (ii).

Technical Details

RePEc Handle
repec:eee:ecolet:v:101:y:2008:i:3:p:214-216
Journal Field
General
Author Count
2
Added to Database
2026-01-26