Revenues and welfare in auctions with information release

A-Tier
Journal: Journal of Economic Theory
Year: 2017
Volume: 170
Issue: C
Pages: 86-111

Authors (2)

Schweizer, Nikolaus (not in RePEc) Szech, Nora

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

This paper studies information release in symmetric, independent private value auctions with multiple objects and unit demand. We compare effects on welfare to those on the seller's revenue. Applying the dispersive order, the previous literature could only identify settings in which welfare provides the stronger incentives for information release. We generalize the dispersive order to k- and k–m-dispersion. These new criteria allow us to systematically characterize situations in which revenue provides stronger incentives than welfare, and vice versa. k–m-dispersion leads to a complete classification if signal spaces are finite and sufficiently many bidders take part.

Technical Details

RePEc Handle
repec:eee:jetheo:v:170:y:2017:i:c:p:86-111
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29