Daripa, Arup (2007) Uninformative equilibrium in uniform price auctions. Working Paper. Birkbeck, University of London, London, UK.
|
Text
26904.pdf - Draft Version Download (210kB) | Preview |
Official URL: http://www.bbk.ac.uk/ems/research/wp
Abstract
I analyze the incentive for costly information collection in a multi-unit commonvalue uniform-price auction in which bidders submit demand functions. I show that so long as there are some bidders who have a very high cost of information collection, even if there are a large number of other bidders who face an arbitrarily small cost of information collection, there are equilibria in which no bidder collects information.
Metadata
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | BWPEF 1701 |
| Keyword(s) / Subject(s): | Costly information acquisition, uniform price auction, uninformed bidders, uninformative equilibrium |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Administrator |
| Date Deposited: | 26 Mar 2019 15:29 |
| Last Modified: | 02 Aug 2023 17:50 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/26904 |
Statistics
Downloads
Activity Overview
6 month trend
6 month trend
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
Edit/View Item