WebNov 14, 2009 · Eso P, Szentes B (2007) Optimal information disclosure in auctions and the handicap auction. Rev Econ Stud 74: 705–731. Article Google Scholar Figueroa N, Skreta V (2009a) A note on optimal allocation mechanisms. Econ Lett 102: 169–173. Article Google ... WebMar 18, 2024 · Abstract. This paper considers the problem faced by a seller who has a single object to sell to one of several possible buyers, when the seller has imperfect information about how much the buyers might be willing to pay for the object. The seller's problem is to design an auction game which has a Nash equilibrium giving him the highest possible ...
Bayes-Nash Equilibrium of the Generalized First-Price Auction - Hindawi
WebSep 1, 2024 · The information disclosure policy that maximizes the revenue of the seller is to fully reveal low values (where competition is high) but to pool high values (where competition is low). The size of the pool is determined by a critical quantile that is … WebFeb 4, 2024 · We characterize the revenue-maximizing information structure in the second price auction. The seller faces a classic economic trade-off: providing more information … hannibals funeral directors
Optimal Information Disclosure in Auctions and the Handicap …
WebWe characterize the revenue-maximizing information structure in the second price auction. The seller faces a classic economic trade-off: providing more information improves the … WebJun 17, 2024 · The Illinois Department of Insurance has adopted a new rule, 50 Ill. Adm. Code 630, Corporate Governance Annual Disclosure, effective May 29, 2024. The new rule … Weboptimal disclosure policy elicits the highest total expected (equilibrium) bids from the biddersamongallpossibledisclosurepolicies. We first analyze information disclosure in a … hannibal serie cast