论文信息 - Declining Prices in Sequential Auctions with Complete Revelation of Bids

Declining Prices in Sequential Auctions with Complete Revelation of Bids

In a sequential-auction setting, the expected-winning prices are shown to decline across two stages when all bids are revealed between the stages. The prices decline because bidders desire to hide their private valuation information. The hiding also leads to inefficient allocations.

Karthik N. Kannan | Karthik Kannan

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